DAILY: China import iron ore prices rebound, trading up
Mar 31, 2020 18:45
See Full-size Table Here
China’s prices of imported iron ore in the port and seaborne markets rebounded on March 31, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines rising by Yuan 4/wmt ($0.6/wmt) on day to reach Yuan 654/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index reversed up by $0.95/dmt on day to reach $83.55/dmt CFR Qingdao.
On Tuesday, most iron ore traders nudged their offer prices slightly higher when they saw the most-traded iron ore futures contract on North China’s Dalian Commodity Exchange for May delivery recover after three working days of decline. Besides, traders were also unwilling to sacrifice their prices much, given the steady