Iron ore prices rebounded on Friday September 18 amid active trading in the seaborne market and in ports, while low-grade fines performed well on solid demand.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.90 per tonne, up $2.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $125.02 per tonne, up $2.43 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $115.46 per tonne, up $3.18 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $137.50 per tonne, up $2.50 per tonne
62% Fe fines, fot Qingdao: 928 yuan per wet metric tonne (
implied 62% Fe China Port Price: $127.11 per dry tonne), down by 6 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0450 per dry metric tonne unit (dmtu), down $0.0150 per dmtu
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) rebounded on Friday, ending with an increase of 1.6% compared with the previous day's close.
Meanwhile, the iron ore swap...