The January contract in the Chinese iron ore futures market on the Dalian Commodity Exchange (DCE) crossed the 1,000-yuan ($153) mark on Thursday December 10, driven by strong demand and anticipation of supply tightness, market sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $156.58 per tonne, up $6.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $156.79 per tonne, up $6.98 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $144.93 per tonne, up $6.89 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $170.30 per tonne, up $7.90 per tonne
62% Fe fines, fot Qingdao: 1,028 yuan per wet metric tonne (
implied 62% Fe China Port Price: $146.24 per dry tonne), up by 36 yuan per wmt
Key drivers
The January iron ore futures contract closed at 1,025 yuan per tonne on Thursday, up 5.8% from the previous day's closing price of 969 yuan...