Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $129.62 per tonne, up $1.23 per tonne
62% Fe low-alumina fines, cfr Qingdao: $129.84 per tonne, up $1.74 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $121.38 per tonne, up $0.71 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $141.60 per tonne, up $0.20 per tonne
62% Fe fines, fot Qingdao: 913 yuan per wet metric tonne (
implied 62% Fe China Port Price: $128.71 per dry tonne), up by 8 yuan per wmt
Key drivers
The most-traded January iron ore futures...