The mid-grade seaborne iron ore index rose past $95 per tonne on Monday January 6 for the first time since September 18 when it stood at $96.42 per tonne cfr China.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $95.61 per tonne, up $1.01 per tonne
62% Fe Pilbara Blend fines, cfr Qingdao: $94.70 per tonne, up $1.01 per tonne
62% Fe low-alumina fines, cfr Qingdao: $96 per tonne, up $1.02 per tonne
58% Fe fines high-premium, cfr Qingdao: $80.87 per tonne, up $0.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $106.60 per tonne, up $0.10 per tonne
62% Fe fines, fot Qingdao: 695 yuan per wet metric tonne (implied
62% Fe China Port Price: $91.53 per dry tonne), up 3 yuan per wet metric tonne.
Key drivers
Steelmakers' restocking - ahead of the upcoming one-week break for the late January Lunar New Year celebrations - has been lending support to seaborne iron ore prices.
"Iron ore prices have the potential to make further gains based on the twin impact of...