Seaborne iron ore prices surged on Friday December 18, largely supported by market fundamentals, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $164.39 per tonne, up $5.90 per tonne
62% Fe low-alumina fines, cfr Qingdao: $164.90 per tonne, up $6.01 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $152.45 per tonne, up $5.35 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $177.00 per tonne, up $5.90 per tonne
62% Fe fines, fot Qingdao: 1081 yuan per wet metric tonne (
implied 62% Fe China Port Price: $154.1 per dry tonne), up by 25 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) rose by around 4.6% on Friday, compared with the previous day's closing price.
The most-liquid January 62% Fe swaps contract on the Singapore Exchange...