Prices in the seaborne iron ore market continued to gain ground on Thursday April 30, in line with higher futures curves for steel rebar, but trading activity in the seaborne and Chinese portside markets slowed down before China's Labor Day holiday on May 1.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $84.04 per tonne, up by $1.54 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.70 per tonne, up by $1.55 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $72.13 per tonne, up by $0.10 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.70 per tonne, up by $0.60 per tonne.
62% Fe fines, fot Qingdao: 669 yuan per wet metric tonne (
implied 62% Fe China Port Price: $86.60 per dry tonne), up by 8 yuan per wmt.
Key drivers
Brazil-based iron ore miner Vale has confirmed that its Samarco joint venture will return to production in December this year, while...