Iron ore prices surged further on Friday December 4, supported by active long positions in futures markets and steady drawdowns in port inventory, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $145.01 per tonne, up $7.93 per tonne
62% Fe low-alumina fines, cfr Qingdao: $144.36 per tonne, up $7.38 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $132.83 per tonne, up $7.11 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $157.00 per tonne, up $7.50 per tonne
62% Fe fines, fot Qingdao: 944 yuan per wet metric tonne (
implied 62% Fe China Port Price: $133.71 per dry tonne), up by 16 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) closed at...