Iron ore seaborne prices dipped on Wednesday April 21 due to limited trading activity, while prices at Chinese ports gained on better demand, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $188.23 per tonne, down $1.38 per tonne
62% Fe low-alumina fines, cfr Qingdao: $188.67 per tonne, down $1.36 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $161.23 per tonne, down $3.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $221.90 per tonne, down $0.90 per tonne
62% Fe fines, fot Qingdao: 1,247 yuan per wet metric tonne (implied
62% Fe China Port Price: $179.18 per dry tonne), up by 14 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased on Wednesday morning, but recovered from its intraday low to end the day up by...