Iron ore prices were up on Monday July 5 with market sentiment improving because of the easing of restrictions in China's steelmaking hub of Tangshan, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $221.82 per tonne, up by $3.84 per tonne
62% Fe low-alumina fines, cfr Qingdao: $223.14 per tonne, up by $3.57 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $184.28 per tonne, up by $3.92 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $255.50 per tonne, up by $3.90 per tonne
62% Fe fines, fot Qingdao: 1,516 yuan per wet metric tonne (
implied 62% Fe China Port Price: $219.74 per dry tonne), up by 9 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.7150 per dry metric tonne unit (dmtu), down by $0.0050 per dmtu.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) was on an upward trend on Monday, ending up by 3.6% from last Friday's closing price...