Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao reached a historical high on Thursday April 15 with the surge supported on demand for high-grade iron ore due to mills' healthy margins, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $178.41 per tonne, up $4.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $178.68 per tonne, up $4.58 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $152.85 per tonne,down $0.06 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $211.10 per tonne, up $6.10 per tonne
62% Fe fines, fot Qingdao: 1,185 yuan per wet metric tonne (
implied 62% Fe China Port Price: $169.38 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) surged over the day, ending the day up by 3.7% from Wednesday's close of 1,011.50 yuan ($155)...