Seaborne iron ore prices increased on Friday September 24 amid more speculative buying activity for low- and mid-grade iron ore fines, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $111.33 per tonne, up by $2.66 per tonne
62% Fe low-alumina fines, cfr Qingdao: $113.78 per tonne, up by $4.40 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $83.08 per tonne, up by $3.54 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $135.90 per tonne, up by $1.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0100 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 814 yuan per wet metric tonne (
implied 62% Fe China Port Price: $116.32 per dry tonne), up by 29 yuan per wmt.
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) showed...