Iron ore prices increased on Monday June 28 even while market participants prepare for stricter restrictions on sintering, blast furnace operations and transportation of raw materials from June 29 to July 1 in certain areas in China.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $218.62 per tonne, up $2.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $220.77 per tonne, up $2.02 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $186.39 per tonne, down $0.77 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $255.30 per tonne, up $4.60 per tonne
62% Fe fines, fot Qingdao: 1,515 yuan per wet metric tonne (implied
62% Fe China Port Price: $220.37 per dry tonne), unchanged
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) rose in the morning trading session but retreated a bit in the afternoon before ending up by 0.9% from Friday's closing price of 1,185 yuan ($184) per tonne.
The most-traded July iron ore forward-month swap contract on...