IRON ORE DAILY: Mid, high-grade fines spread widens amid demand shift
Mid and high-grade iron ore prices diverged on Thursday March 25 amid steelmakers adjusting consumption appetite toward the high-grade materials, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $159.85 per tonne, down $1.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.13 per tonne, up $0.16 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $146.97 per tonne, up $1.26 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $190.40 per tonne, up $1.20 per tonne
62% Fe fines, fot Qingdao: 1,117 yuan per wet metric tonne (implied 62% Fe China Port Price: $159.62 per dry tonne), up by 2 yuan per wmt63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5050 per dry metric tonne
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