Physical iron ore prices continued to rise on Tuesday April 2, closing in on $90 per tonne with yet more seaborne supply disruptions reported.
MB 62% Fe Iron Ore Index: $89.89 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $89.01 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $92.14 per tonne cfr Qingdao, up $1.91 per tonne. MB 58% Fe Premium Index: $81.07 per tonne cfr Qingdao, up $1.21 per tonne. MB 65% Fe Iron Ore Index: $102.40 per tonne cfr Qingdao, up $1.40 per tonne.MB 62% Fe China Port Price Index: 651 yuan per wet metric tonne (implied 62% Fe China Port Price $88.82 per dry tonne), up 9 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3200 per dry metric tonne unit, down $0.0350 per dry metric tonne unit.Key driversBHP said early on Tuesday that it expects iron ore production to fall by 6-8 million tonnes on a 100% basis at its Western Australia operations due to rail transportation problems caused by...