Seaborne iron ore prices moved higher on Friday March 13 as portside iron ore stocks fell, steel and steelmaking raw materials futures rose, China's central bank provided another boost to the economy and global equities market found a footing following a rout earlier this week.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.71 per tonne, up $0.96 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.52 per tonne, up $1.06 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $80.59 per tonne, up 0.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $106.10 per tonne, up 0.80 per tonne
62% Fe fines, fot Qingdao: 668 yuan per wet metric tonne (
62% Fe China Port Price: $87.36 per dry tonne), up 3 yuan per wmt.
Key drivers
Futures prices on the Dalian Commodity Exchange rose sharply late on Friday and the rout in global stock...