A cargo of 62% Fe Brazilian Blend iron ore fines was traded on Monday April 26 at a price of $194.40 per tonne cfr China on a trading platform, a record high since Fastmarkets' index for 62% Fe low-alumina fines, cfr Qingdao, was introduced in August 2018.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $193.58 per tonne, up by $7.33 per tonne
62% Fe low-alumina fines, cfr Qingdao: $194.40 per tonne, up by $6.89 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $168.80 per tonne, up by $5.92 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $226.90 per tonne, up by $6.00 per tonne
62% Fe fines, fot Qingdao: 1,303 yuan per wet metric tonne (
implied 62% Fe China Port Price: $187.61 per dry tonne), up by 54 yuan per wmt
Key drivers
Seaborne iron ore prices surged on Monday amid strong gains for steel products, according to market sources.
The most-traded September iron ore futures contract...