Seaborne iron ore prices mostly edged upward on Tuesday June 15 despite limited liquidity and the downtrend in the financial markets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $221.87 per tonne, up by $1.10 per tonne
62% Fe low-alumina fines, cfr Qingdao: $223.09 per tonne, up by $1.47 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $194.60 per tonne, down by $0.62 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $250.80 per tonne, up by $1.60 per tonne
62% Fe fines, fot Qingdao: 1,515 yuan per wet metric tonne (
implied 62% Fe China Port Price: $222.19 per dry tonne), up by 13 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased in the morning and recovered in the afternoon before ending down by 1.7% from last Friday's closing price of 1,247 yuan ($195) per tonne.
The most-traded June iron ore forward-month swap contract on the...