Iron ore prices rose again on Thursday December 3 amid further short-term supply shortage concerns due to the decrease in Vale's 2020 production guidance, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $137.08 per tonne, up $0.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $136.98 per tonne, up $1.18 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $125.72 per tonne, up $1.23 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $149.50 per tonne, up $1.40 per tonne
62% Fe fines, fot Qingdao: 928 yuan per wet metric tonne (
implied 62% Fe China Port Price: $131.19 per dry tonne), unchanged
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fell in the morning session but rebounded back steadily and closed at a...