IRON ORE DAILY: Liquidity limited despite active bids

Liquidity in the seaborne iron ore market remained weak on Tuesday May 4 due to the Labor Day holiday in China (May 1-5) despite several active bids on trading platforms, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $188.85 per tonne,unchanged
62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne,unchanged
58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne,unchanged
65% Fe Brazil-origin fines, cfr Qingdao: $222.50 per tonne,unchanged

62% Fe fines, fot Qingdao: 1,309 yuan per wet metric tonne (implied 62% Fe China Port Price: $189.13 per dry tonne), unchanged...

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