Iron ore prices pushed up on Wednesday April 7, chasing previous increments in steel prices but depressing seaborne activity, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $173.63 per tonne, up $2.73 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.16 per tonne, up $3.16 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $1.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $202.60 per tonne, up $3.30 per tonne
62% Fe fines, fot Qingdao: 1,150 yuan per wet metric tonne (
implied 62% Fe China Port Price: $163.82 per dry tonne), up by 3 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) initially dropped on Wednesday,...