Iron ore prices largely increased on Tuesday August 24 with active trading at China's ports.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $146.13 per tonne, up by $9.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $147.96 per tonne, up by $10.74 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $113.91 per tonne, up by $7.27 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $166.10 per tonne, up by $10.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1300 per dry metric tonne unit (dmtu), down by $0.0100 per dmtu
62% Fe fines, fot Qingdao: 1,049 yuan per wet metric tonne (
implied 62% Fe China Port Price: $150.42 per dry tonne), up by 17 yuan per wmt.
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in Monday's night session, but increased in both the morning and afternoon sessions...