The seaborne iron ore market largely maintained current levels on Wednesday May 13, with good demand for steel and consumption of iron ore continuing to support prices.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.63 per tonne, down $0.04 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.36 per tonne, up $0.16 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $78.88 per tonne, up $0.50 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $108.10 per tonne, up $1.10 per tonne.
62% Fe fines, fot Qingdao: 689 yuan per wet metric tonne (
implied 62% Fe China Port Price: $89.15 per dry tonne), up 3 yuan per wmt.
Key drivers
According to...