Seaborne iron ore prices jumped on Monday May 17 due to increased liquidity in the market, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $217.77 per tonne, up $8.98 per tonne
62% Fe low-alumina fines, cfr Qingdao: $220.80 per tonne, up $9.61 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $186.65 per tonne, up $7.36 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $249.30 per tonne, up $7.60 per tonne
62% Fe fines, fot Qingdao: 1,548 yuan per wet metric tonne (
implied 62% Fe China Port Price: $225.94 per dry tonne), up by 109 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated around the closing level and ended up by 2.1% from last Friday's close of 1,173 yuan ($182) per tonne.
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