Iron ore prices in the seaborne market dipped despite a recovery in liquidity, but port prices pushed up, sources told Fastmarkets on Friday February 5.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $157.01 per tonne, down $1.02 per tonne
62% Fe low-alumina fines, cfr Qingdao: $157.53 per tonne, down $1.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $144.29 per tonne, down $0.27 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $180.10 per tonne, down $1.60 per tonne
62% Fe fines, fot Qingdao: 1,112 yuan per wet metric tonne (
implied 62% Fe China Port Price: $160.25 per dry tonne), up by 30 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) increased in the morning session on Friday...