Spot demand for mainstream iron ore fines pushes seaborne prices higher

摘要

Singapore—Seaborne iron ore prices climbed on better spot buying for mainstream medium grade fines. S&P Global Platts assessed the 62% Fe Iron Ore Index at $161.45/ dry mt CFR North China on March 26, up $1.25/dmt from March 25. Market participants saw a growing demand and preference for seaborne iron ore fines cargoes on May pricing basis as April loading iron ore resources remained limited and scattered, but the expectations for forward month pricing basis were stagnant. “The resell opportunity for cross-month cargoes on M-1 pricing basis is attractive given the wide April-May structure and thin nearterm supply,” said a Chinese trader source.