Champion Iron Ord Shs T.CIA

65% Fe at US$197/t

[sam0408]

IRON ORE DAILY: Seaborne prices halt downtrend amid rising steel prices

Iron ore prices went up on Thursday April 1, largely due to support from rising steel prices, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $167.60 per tonne, up $2.45 per tonne
62% Fe low-alumina fines, cfr Qingdao: $168.52 per tonne, up $1.94 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $150.19 per tonne, up $3.20 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $197.10 per tonne, up $3.00 per tonne
62% Fe fines, fot Qingdao: 1131 yuan per wet metric tonne (implied 62% Fe China Port Price: $160.91 per dry tonne), up by 5 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended upward throughout the session...

https://www.metalbulletin.com/Article/3982340/Iron-ore/IRON-ORE-DAILY-Seaborne-prices-halt-downtrend-amid-rising-steel-prices.html

[dmacd]

Excellent execution so far. I presume the expansion is going well too. The market still undervalues the SP. Cashflow in a couple of quarters will double if I understand the timing. I have been complacent on this investment dincrbi have gained so much confidence in management to deliver. Top tier.