Iron ore prices mostly edged down on Wednesday March 24, due to reduced trading activity, sources told Fastmarkets, but high-grade fines gained slightly due to concerns over supplies of Carajas fines from Brazil.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $161.39 per tonne,down $0.41 per tonne
62% Fe low-alumina fines, cfr Qingdao: $161.97 per tonne,down $0.03 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $145.71 per tonne,down $0.46 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $189.20 per tonne, up $0.90 per tonne
62% Fe fines, fot Qingdao: 1,115 yuan per wet metric tonne (implied 62% Fe China Port Price: $159.44 per dry tonne), down by 1 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) increased steadily on Wednesday, ending up by 1.3% from...