Iron ore prices increased on Thursday July 15, supported by falling steel inventories in China, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $222.09 per tonne, up $3.43 per tonne
62% Fe low-alumina fines, cfr Qingdao: $223.75 per tonne, up $3.75 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $182.06 per tonne, up $3.65 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $256.80 per tonne, up $4.70 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5500 per dry metric tonne unit, unchanged
62% Fe fines, fot Qingdao: 1,493 yuan per wet metric tonne (
implied 62% Fe China Port Price: $216.41 per dry tonne), up by 3 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) rose in the morning trading session before retreating from the intra-day high in the afternoon to end the day up by 1.2%...