Seaborne iron ore trading was limited on Wednesday December 9, however, lump prices performed well amid active trading at ports and less pellet supply, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $150.16 per tonne, up $1.81 per tonne
62% Fe low-alumina fines, cfr Qingdao: $149.81 per tonne, up $1.64 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $138.04 per tonne, up $3.03 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $162.40 per tonne, up $2 per tonne
62% Fe fines, fot Qingdao: 992 yuan per wet metric tonne (
implied 62% Fe China Port Price: $141.13 per dry tonne), up by 12 yuan per wmt
Key drivers
The most-traded May iron ore futures contract kept on a steady uptrend after opening but dropped from its high in the afternoon session on the Dalian Commodity Exchange (DCE), ending the day up by...