Iron ore prices went up on Thursday January 14, sources told Fastmarkets, supported by a rebound in futures, with lump performing well at Chinese ports due to tight supplies.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.36 per tonne, up $2.25 per tonne
62% Fe low-alumina fines, cfr Qingdao: $172.78 per tonne, up $1.88 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $158.18 per tonne, up $1.26 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $194.30 per tonne, up $2.80 per tonne
62% Fe fines, fot Qingdao: 1157 yuan per wet metric tonne (
implied 62% Fe China Port Price: $166.84 per dry tonne), down by 7 yuan per wmt
Key drivers
According to Chinese customs data released on Thursday January 14, total
iron ore imports reached a record high of 1.17 billion tonnes in 2020 - a year-on-year increase of 9.5%.
The most-trade iron ore futures May contract on Dalian Commodity Exchange (DCE) increased steadily through the...