Global iron ore market: prices may hit record levels in Q2

摘要

As February has ended, it is possible now to estimate, by how much long-term prices for iron ore will rise in Q2.In the next quarter, 65% Fe fines from Vale (Brazil) will be reportedly shipped at about $174/t FOB. The exact figurewill depend on freight rates, since part of contracts with customers from the Far East have been signed on C&F terms.Currently, a shipment of the material by Capesize vessel from Tubarao (Brazil) to Qingdao (China) costs $18.6/t (up17% from Q1)