Trading activity remained thin in the physical iron ore market on Monday May 14, though prices rose amid gains in the steel and futures segments.
Metal Bulletin 62% Fe Iron Ore Index: $68.93 per tonne cfr Qingdao, up by $1.51 per tonne Metal Bulletin 58% Fe Premium Index: $55.70 per tonne cfr Qingdao, up by $0.63 per tonne Metal Bulletin 65% Fe Iron Ore Index: $87.20 per tonne cfr Qingdao, up by $1.10 per tonne Metal Bulletin 62% Fe China Port Price Index: 488 yuan per wet tonne (implied 62% Fe China Port Price $67.67 per dry tonne), up by 6 yuan per wet tonne Key driversChina's benchmark iron ore futures contract ticked up right before the end of the morning session and rose further in the afternoon to end...