Seaborne iron ore prices were up across the board on Tuesday May 18, supported by falling stock levels at Chinese ports.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $224.44 per tonne, up $6.67 per tonne
62% Fe low-alumina fines, cfr Qingdao: $227.77 per tonne, up $6.97 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $192.70 per tonne, up $6.05 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $258.70 per tonne, up $9.40 per tonne
62% Fe fines, fot Qingdao: 1,574 yuan per wet metric tonne (
implied 62% Fe China Port Price: $229.42 per dry tonne), up by 26 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) continued the uptrend from yesterday's night trading during the morning session, but fluctuated down from the intra-day...