Iron ore prices remained mostly stable on Tuesday January 12, supported by mills replenishing their stocks ahead of the Chinese New Year holiday in mid-February, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $172.67 per tonne, up $0.54 per tonne
62% Fe low-alumina fines, cfr Qingdao: $173.00 per tonne, up $0.75 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $157.70 per tonne, down $0.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $193.60 per tonne, down $0.10 per tonne
62% Fe fines, fot Qingdao: 1163 yuan per wet metric tonne (
implied 62% Fe China Port Price: $167.53 per dry tonne), down by 1 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) rebounded today...