Seaborne iron ore prices eased on Wednesday April 28 amid weaker demand, especially at Chinese ports, according to market sources.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $192.52 per tonne, down $2.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $194.23 per tonne, down $2.12 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $169.86 per tonne, up $0.95 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $226.60 per tonne, down $1.20 per tonne
62% Fe fines, fot Qingdao: 1,315 yuan per wet metric tonne (implied
62% Fe China Port Price: $189.67 per dry tonne), up by 3 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5550 per dry metric tonne unit (dmtu), down $0.0150 per dmtu.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange...