Iron ore prices went up on Tuesday March 16 on support from the demand recovery following the easing emissions restrictions in Tangshan, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $166.32 per tonne, up $2.99 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.40 per tonne, up $2.79 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $152.72 per tonne, up $2.06 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $192.50 per tonne, up $3.50 per tonne
62% Fe fines, fot Qingdao: 1,153 yuan per wet metric tonne (implied 62% Fe China Port Price: $165.39 per dry tonne), up by 23 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) maintained the uptrend from Monday night's trading session, ending up by 3.4% from Monday's close of 1,035 yuan ($159) per tonne.
The...