The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne
62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $191.50 per tonne, down $2.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3450 per dry metric tonne unit (dmtu), up $0.0100 per dmtu.
62% Fe fines, fot Qingdao: 1,164 yuan per wet metric tonne (
implied 62% Fe China Port Price: $168.01 per dry tonne), up by 1 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) fell by 1.4% on Wednesday from Tuesday's closing price of 1,049 yuan ($162) per tonne.
Iron ore forward-month...