Asian iron ore climbs on supply concerns

摘要

Asian seaborne iron ore rallied on supply concerns due to Rio Tinto’s force majeure notice. S&P Global Platts assessed the 62% Fe Iron Ore Index at $87.05/dry mt CFR North China, up $3.20/dmt on day. The front-month April TSI swap was up $2.85/dmt from Thursday at $86.35/dmt. On Friday, miner Rio Tinto declared force majeure to some of its customers as Cyclone Veronica damaged the Cape Lambert A jetty of Port Walcott, according to sources who received the notice.