The seaborne iron ore market moved up on Monday April 13, with a persistent tightness in the supply of low-alumina and high-grade products from Brazil bolstering prices.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $85.60 per tonne, up $0.83 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $87.26 per tonne, up $1.06 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $74.62 per tonne, up $1.11 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.50 per tonne, up $3.00 per tonne.
62% Fe fines, fot Qingdao: 671 yuan per wet metric tonne (
implied 62% Fe China Port Price: $87.40 per dry tonne), up 5 yuan per wmt.
Key drivers
Market sources said that some traders were looking for 65% Fe Iron Ore Carajas fines in the seaborne market. A tight supply of this brand has strengthened...