Iron ore prices mostly declined on Monday January 11 along with futures, however, high-grade fines performed well due to tight supply, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.13 per tonne,down $0.93 per tonne
62% Fe low-alumina fines, cfr Qingdao: $172.25 per tonne,down $1.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $157.87 per tonne,down $0.76 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $193.70 per tonne, up $1.70 per tonne
62% Fe fines, fot Qingdao: 1,164 yuan per wet metric tonne (
implied 62% Fe China Port Price: $167.76 per dry tonne), up by 1 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on Dalian Commodity Exchange (DCE) rose slightly after opening but fluctuated throughout the day, ending down by 2% from...