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13th
IRON ORE REPORT
April
Daily Iron Ore Report CAPE 4TC SPOT / IRON ORE SPOT
A sporadic day on the IOS. The May+June was
rumoured at 174.50 and the Q2 was rumoured
at 174 but neither trade was reconfirmed. The
Q3 was seeing buying interest around 173 but we
heard nothing traded there. The Q4 traded at
168 and buyers remained down the curve in
reasonable depth. The TSI gaining USD4.70 did
little to encourage any selling interest and as
always sellers are in short supply. The only offers
seem to be coming by way of profit takers with
natural sellers lacking.
Indian Iron Ore Price Returns To March 2008
High
The spot FOB price of Indian iron ore has
returned to levels last seen in March 2008,
according to data from Umetal. The FOB price
for iron ore with Fecontent of 63.5% rose by
$12/t weeko nweek to $150/t at the end of last
week, the fourth consecutive monthly increase.
This took the delivered price in China to $175/t.
Congestion Information Iron Ore Stock Piles Physical Shipping Update
The Capesize Iron Ore Port Congestion Index As advised yesterday our weekly update shows $9.509.55 pmt level was fixed basis
for China has slipped to 3.6 days, the lowest China's iron ore port stockpiles fell for the third Dampier/Qindao and at $9.759.80 pmt level
since September 2009. straight week, down by 0.69 Mt weeko nweek to basis Port Hedland/Qingdao for end April dates
a 7week low of 67.93 Mt on 9th April 2010. in loadport with the Iron Ore Majors rating sub
However, this is still 0.19 Mt higher than 67.74 $9.60 pmt for the remainder of their April
The SSY Australian Coal Congestion Index has Mt seen at the same point last year.Iron ore stems. Tonnage rated the West Australia Round
remained above 20 days for the fifth successive imports into China reached 59.0 Mt in March,
Voyage at about $10.00 pmt level at the close
week. There are now 22 Capesizes waiting to according to preliminary customs data. As a of the day.
berth at China's iron ore ports. This compares result the 1q10 import total climbed to 155.0 Fronthaul saw several fresh Coal and Iron Ore
with 44 in the middle of last month. Mt. Although this marks an 18%jump from the cargoes creap into the market for Bolivar/China
same quarter last year, the 1q total falls well and Tub/China accordingly. The day concluded
short of the alltime high of 172.3 Mt recorded with Charterers rating endApril stems at circa
in the 3q09. $24.00 pmt level basis Tubarao/Qingdao up
from arnd usd 23.00 whilst Owners rated their
tonnage at about $25.00 pmt level.
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