Iron ore prices went up on Thursday April 1, largely due to support from rising steel prices, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $167.60 per tonne, up $2.45 per tonne
62% Fe low-alumina fines, cfr Qingdao: $168.52 per tonne, up $1.94 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $150.19 per tonne, up $3.20 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $197.10 per tonne, up $3.00 per tonne
62% Fe fines, fot Qingdao: 1131 yuan per wet metric tonne (
implied 62% Fe China Port Price: $160.91 per dry tonne), up by 5 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended upward throughout the session...