Seaborne iron ore prices rose moderately on Friday December 13 amid gains in the derivatives market and the persistent decline in port stockpiles in China.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $94.63 per tonne, up $0.61 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.72 per tonne, up $0.61 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $0.72 per tonne.
58% Fe fines high-premium, cfr Qingdao: $81.40 per tonne, up $0.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $104.50 per tonne, up $0.40 per tonne.
62% Fe fines, fot Qingdao: 683 yuan per wet metric tonne (implied
62% Fe China Port Price, $89.13 per dry tonne), up 1 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2600 per dry metric tonne unit, up $0.0050 per dry metric tonne unit.
Key drivers
Iron ore stockpiles at 45 major ports in China declined for a third consecutive week to 123.08...