Benchmark: 65% Fe fines, CFR Qingdao. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🇨🇳 CFR Qingdao 65% China · benchmark | CFR | 135.40 | Benchmark | The high-grade seaborne reference |
🇧🇷 Carajás IOCJ (FOB) Brazil · premium fines | FOB Ponta da Madeira | 116.40 | -19.00 (-14%)narrowing | Vale Carajás — the 65% flagship; long freight nets it back |
🇦🇺 Robe/high-grade (FOB) Australia · short freight | FOB | 126.40 | -9.000 (-6.6%)stable | Shorter freight leg to China |
🇺🇦 Kryvyi Rih pellet feed Ukraine · war-constrained | FOB | 129.40 | -6.000 (-4.4%)stable | Corridor logistics and war risk |
🇨🇦 IOC pellet (DR-grade) Canada · DR premium | FOB | 143.40 | +8.000 (+5.9%)narrowing | Direct-reduction pellet premium for green steel |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Indicative term structure · Contango
Converted from 135.40 USD/t · indicative FX
Iron Ore 65% Fe is traded in the bulk / ore segment, with price discovery referenced against OTC. The chart above shows the trailing indicative price path. Physical parcels of Iron Ore 65% Fe can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
62% Fe fines eased as mill profitability narrowed and port inventories held elevated, capping restocking appetite ahead of maintenance season.