Iron Ore Prices Drop by 20 Early Morning on April 7 Amid Market Uncertainty

Published: Apr 7, 2025 10:21

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【SMM Steel】On April 7, the early morning import iron ore prices dropped by 20 compared to pre-holiday levels. At Shandong ports, PB fines were around 760-770 yuan/mt, super special fines were 620-630 yuan/mt, and IOCJ fines were around 860-870 yuan/mt. At Tangshan ports, PB fines were 770-780 yuan/mt, and super special fines were around 620-630 yuan/mt (pricing unit: yuan/wmt). During the Qingming holiday, Singapore swaps experienced a significant decline, and after the domestic futures market opened today, prices followed the downward trend. The market was mostly in a wait-and-see mode, with no immediate offers. SMM learned that some traders sold PB fines to factories at Shandong ports for 768 yuan/mt. For more details, please visit the SMM website for free at https://steel.smm.cn/content/090/103263532.

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