Seaborne iron ore prices surged on Monday July 13 amid active trading on the platforms and strong gains in the iron ore futures market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $111.09 per tonne, up $4.77 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $112.85 per tonne, up $4.55 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $99.18 per tonne, up $4.35 per tonne. https://www.metalbulletin.com/My-price-book.html?price=42551
65% Fe Brazil-origin fines, cfr Qingdao: $123 per tonne, up $4.50 per tonne.
62% Fe fines, fot Qingdao: 852 yuan per wet metric tonne (implied
62% Fe China Port Price: $112.54 per dry tonne), up by 30 yuan per wmt.
Key drivers
The most traded September iron ore contract on the Dalian Commodity Exchange (DCE) was up by almost 4.9% from the closing price on Friday.
The bullish trend was also observed on the 62% Fe futures index on the Singapore Exchange (SGX), with the August contract closing the afternoon...