Iron ore prices increased on Friday April 23 on support from better liquidity in the seaborne market, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $186.25 per tonne, up $2.63 per tonne
62% Fe low-alumina fines, cfr Qingdao: $187.51 per tonne, up $2.13 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $162.88 per tonne, up $3.50 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $220.90 per tonne, up $2.20 per tonne
62% Fe fines, fot Qingdao: 1,249 yuan per wet metric tonne (
implied 62% Fe China Port Price: $179.88 per dry tonne), down by 3 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) increased steadily after opening, ending the day up by 1.2% from Thursday's closing price of 1,091.50 yuan ($168) per tonne.
The most-traded May iron ore forward-month swap contract on the Singapore Exchange (SGX) has also gained. By 6:11pm...