Iron ore prices increased on Tuesday December 8 on support from bullish swaps prices, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $148.35 per tonne, up $1.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $148.17 per tonne, up $1.17 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $135.01 per tonne, up $0.90 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $160.40 per tonne, up $1.30 per tonne
62% Fe fines, fot Qingdao: 980 yuan per wet metric tonne (
implied 62% Fe China Port Price: $139.35 per dry tonne), up by 3 yuan per wmt
Key drivers
The most-traded May iron ore futures contract...