FEX 2.38% 43.0¢ fenix resources ltd

Media Releases, page-487

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    $US250/t may not be so fanciful....

    IRON ORE DAILY: Carajas fines trade at new record high

    Seaborne iron ore prices rose further on Friday May 7 with continuing support from bullish steel prices, refreshing the iron ore indices’ record highs again.

    Fastmarkets iron ore indices
    62% Fe fines, cfr Qingdao: $212.25 per tonne, up by $10.37 per tonne
    62% Fe low-alumina fines, cfr Qingdao: $214.20 per tonne, up by $11.33 per tonne
    58% Fe fines high-grade premium, cfr Qingdao: $185.29 per tonne, up by $9.57 per tonne
    65% Fe Brazil-origin fines, cfr Qingdao: $243.60 per tonne, up by $8.90 per tonne
    62% Fe fines, fot Qingdao: 1,422 yuan per wet metric tonne (implied 62% Fe China Port Price: $205.93 per dry tonne), up by 63 yuan per wmt.

 
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