Most iron ore prices increased on Monday August 16 despite limited trading activity in the physical market, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $163.52 per tonne, up $1.45 per tonne
62% Fe low-alumina fines, cfr Qingdao: $164.03 per tonne, up $1.29 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $131.47 per tonne, up $0.81 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $191.60 per tonne, up $0.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2450 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 1,154 yuan per wet metric tonne (
implied 62% Fe China Port Price: $166.27 per dry tonne), down by 1 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) went down at the start of the...