Singapore—Despite improving seaborne liquidity, iron ore prices edged lower Thursday, as reselling opportunities grew thinner. S&P Global Platts assessed the 62% Fe Iron Ore Index at $90.75/dry mt CFR North China on Thursday, down 40 cents from Wednesday. The front-month June TSI swap was down 65 cents from Wednesday at $87.70/dmt Thursday. Several Chinese traders bemoaned the recent strengthening of seaborne prices wiping out reselling margins at portside. Premiums for medium grade fines with late June laycan were heard under pressure with July arrival cargoes having to pay for the Yuan 5.6/wmt port construction fees.
展开▼
