Seaborne iron ore prices regained some stability with active trading on Wednesday May 27, after falls the previous day that were triggered by an easing of supplies from Brazil.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $95.37 per tonne, up by $0.09 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $98.00 per tonne, up by $0.03 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $84.24 per tonne, up by $1.30 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $110.90 per tonne, up by $0.80 per tonne.
62% Fe fines, fot Qingdao: 735 yuan per wet metric tonne (
implied 62% Fe China Port Price: $94.80 per dry tonne), down by 2 yuan per wmt.
Key drivers
Market participants still expected support from steel demand in 2020, although this may not...