IRON ORE DAILY: Low-grade iron ore attracts buyers amid falling coke prices
Iron ore prices increased on Friday February 26, with low-grade iron ore fines rising fast due to lower coke prices, sources said.
Fastmarkets iron ore indices.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
62% Fe fines, cfr Qingdao: $175.78 per tonne, up $1.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $176.27 per tonne, up $1.57 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $161.74 per tonne, up $1.68 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $199.40 per tonne, up $1.60 per tonne
62% Fe fines, fot Qingdao: 1195 yuan per wet metric tonne (implied 62% Fe China Port Price: $172.84 per dry tonne), up by 5 yuan per wmt
Shipping still low at US$15.50/t Brazil to China (approx US$18/t Quebec to China)
https://en.sse.net.cn/indices/cdfinew2.jsp
65% Fe at US$199/t
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