The market for seaborne iron ore fines continued to strengthen on Monday April 20, with Brazilian producer Vale cutting its production guidance figure for 2020 to 310-330 million tonnes.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.45 per tonne, up by $1.28 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $89.11 per tonne, up by $1.21 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $75.79 per tonne, up by $0.74 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.70 per tonne, up by $0.90 per tonne.
62% Fe fines, fot Qingdao: 679 yuan per wet metric tonne (
implied 62% Fe China Port Price: $88 per dry tonne), down by 1 yuan per wmt.
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