Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne
62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $130.80 per tonne, up $0.40 per tonne
62% Fe fines, fot Qingdao: 888 yuan per wet metric tonne (
implied 62% Fe China Port Price: $122.98 per dry tonne), up by 4 yuan per wmt
Key drivers
The most-traded January contract in the Chinese iron ore futures market on the Dalian Commodity Exchange (DCE) inched up by around 0.8% from the...