Fastmarkets' iron ore indices for 62% Fe low-alumina fines, cfr Qingdao and 65% Fe Brazil-origin fines, cfr Qingdao both reached record highs on Monday December 7, sources said.
Iron ore prices gained ground despite the sintering restrictions on active ports trading and steel prices, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $146.93 per tonne, up $1.92 per tonne
62% Fe low-alumina fines, cfr Qingdao: $147 per tonne, up $2.64 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $134.11 per tonne, up $1.28 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $159.10 per tonne, up $2.10 per tonne
62% Fe fines, fot Qingdao: 977 yuan per wet metric tonne (
implied 62% Fe China Port Price: $138.97 per dry tonne), up by 33 yuan per wmt
Key drivers
The most-traded iron ore...