The Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao crossed the $95-per-tonne mark for the first time since October 25 on Thursday November 14.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.42 per tonne, up $2.39 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.45 per tonne, up $2.39 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.92 per tonne, up $2.13 per tonne.58% Fe fines high-premium, cfr Qingdao: $72.13 per tonne, up $0.98 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $95.80 per tonne, up $3.10 per tonne. 62% Fe fines, fot Qingdao: 626 yuan per wet metric tonne (implied 62% Fe China Port Price, $81.39 per dry tonne), down 1 yuan per wet metric tonne.63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2150 per dry metric tonne unit, up $0.0150 per dry metric tonne unit.Key driversThe 65% index rose sharply with the support of two spot transactions, as a miner sold two cargoes of 65% Fe Iron Ore Carajas (IOCJ) on a trading platform at prices $3.50 per tonne higher than the last transacted price of $92.30 per...