Asian iron ore prices higher on stronger demand

摘要

Singapore—The seaborne Asian iron ore market gained Monday on the back of better end-user demand and steel sales. S&P Global Platts assessed the 62% Fe Iron Ore Index at $93.60/dry mt CFR North China Monday, up $1.80/dmt on day. The front-month May TSI swap was up $1.80/dmt from last Thursday at $91.40/dmt. Market sources saw stronger demand for Australian medium-grade fines from end- users, with a shift in end-user preference for better quality raw materials.