Iron ore prices jumped above $95 per tonne cfr again on Tuesday May 7 after further disruption at Vale's Brucutu mine in Brazil.
MB 62% Fe Iron Ore Index: $96.15 per tonne cfr Qingdao, up $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.83 per tonne cfr Qingdao, up $1.46 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.86 per tonne cfr Qingdao, up $1.89 per tonne. MB 58% Fe Premium Index: $86.36 per tonne cfr Qingdao, up $0.88 per tonne. MB 65% Fe Iron Ore Index: $110.40 per tonne cfr Qingdao, up $0.80 per tonne.MB 62% Fe China Port Price Index: 689 yuan per wet metric tonne (implied 62% Fe China Port Price $93.53 per dry tonne), up 13 yuan per wmt.Key driversVale's 30-million-tonne-per-year Brucutu mine has experienced more twists and turns with the latest suspension ordered by a higher local court, the miner said late on Monday. It now expects its 2019 iron ore and...