Physical iron ore prices generally strengthened on Thursday December 13 following gains in futures and swaps markets, and lump premiums also increased.
MB 62% Fe Iron Ore Index: $67.65 per tonne cfr Qingdao, up $0.92 per tonne. MB 62% Fe Pilbara Blend Fines Index: $66.92 per tonne cfr Qingdao, up $0.92 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $70.88 per tonne cfr Qingdao, down $0.12 per tonne. MB 58% Fe Premium Index: $60.71 per tonne cfr Qingdao, up $0.79 per tonne. MB 65% Fe Iron Ore Index: $83.50 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 540 yuan per wet metric tonne (implied 62% Fe China Port Price $69.35 per dry tonne), up 8 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3600 per dey metric tonne unit, up $0.0150 per dry metric tonne unit.Key driversChina's ferrous futures advanced across the board during the day, with the benchmark steel contracts taking the lead, up 2.1-4.2% from the previous day's settlements.Iron ore swaps...