IRON ORE DAILY: Prices rise on increased demand for mid-grade fines
Iron ore prices went up on Monday February 8, with growing steel mill interest in mid-grade fines at ports, sources told Fastmarkets.
Fastmarkets iron ore indices.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
62% Fe fines, cfr Qingdao: $160.50 per tonne, up $3.49 per tonne
62% Fe low-alumina fines, cfr Qingdao: $160.80 per tonne, up $3.27 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $146.45 per tonne, up $2.16 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $184.70 per tonne, up $4.60 per tonne
62% Fe fines, fot Qingdao: 1122 yuan per wet metric tonne (implied 62% Fe China Port Price: $161.7 per dry tonne), up by 10 yuan per wmt
Freight costs remain low with the Brazil - China rate currently at US$16.55/t (US$19/t Quebec - China)
https://en.sse.net.cn/indices/cdfinew2.jsp
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