Iron ore prices went up on Monday February 8, with growing steel mill interest in mid-grade fines at ports, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $160.50 per tonne, up $3.49 per tonne
62% Fe low-alumina fines, cfr Qingdao: $160.80 per tonne, up $3.27 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $146.45 per tonne, up $2.16 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $184.70 per tonne, up $4.60 per tonne
62% Fe fines, fot Qingdao: 1122 yuan per wet metric tonne (
implied 62% Fe China Port Price: $161.7 per dry tonne), up by 10 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) continued...