Selling interest for May shipments weighs on seaborne iron ore prices

摘要

Singapore—Seaborne iron ore prices dipped March 30 on strong selling interest for May shipment cargoes. S&P Global Platts assessed the 62% Fe Iron Ore Index at $166.55/ dry mt CFR North China on March 30. Strong selling interest was observed for May-loading cargoes, with end-users looking to resell contracted cargoes amid high premiums for medium grade fines. Market sources said that while steel margins were still attractive and supportive of high steel production levels, a number of end-users were expecting lower prices from the portside market in May or a dip in premiums in the coming weeks.