Spot iron ore prices were broadly unchanged for the week

9th April 2018

Marred by bearish sentiments and lack direction kept the spot iron ore prices around $63 per mt mark. Also, the curtailed week due to a holiday in China, didn’t help trade to build any sort of momentum keeping the prices more or less range bound.

Onto at the benchmark iron ore prices for the week, Platts assessed the 62% Fe IODEX & TSI Iron Ore Fines at $63.00/dry mt CFR North China on Thursday. Meanwhile, TSI 58% Fe Fines, 1.5% Al, CFR Qingdao port closed the week at $50.70/dry mt.

China’s domestic iron ore

Platts’ 62% Fe iron ore port stock index, or IOPEX North China, was assessed at Yuan 498/dmt FOT Friday, stable on the day, $63.66/dmt on an import parity basis. IOPEX East China was assessed at Yuan 487/dmt FOT, flat on day, $62.16/dmt on an import parity basis.

Furthermore, Platts assessed the 66% Fe domestic concentrate at Yuan 640/dmt delivered to mills in Tangshan, down Yuan 5/dmt on the week.