Easing supply concerns push iron ore prices down

摘要

The seaborne iron ore marketfell Wednesday on easing supply concernsfor end-users.S&P Global Platts assessed the 62% FeIron Ore Index at $92.50/dry mt CFR NorthChina Wednesday, down $1.80/dmt day onday. The front-month May TSI swap was down$1.75/dmt from Tuesday at $90.30/dmt.With Vale receiving authorizationfrom a Brazil court to resume operationsat its Brucutu mine, the supply situationwas expected to ease a bit, given itsannual capacity of 30 million mt. However,some market sources warned againstbeing too optimistic.