Iron ore prices went up on Wednesday August 11 following the uptrend in steel and coke prices, but the demand outlook remained bearish, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $165.48 per tonne, up by $3.04 per tonne
62% Fe low-alumina fines, cfr Qingdao: $165.97 per tonne, up by $3.22 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $134.28 per tonne, up by $3.34 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $195.10 per tonne, up by $2.20 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3350 per dry metric tonne unit (dmtu), down by $0.0150 per dmtu
62% Fe fines, fot Qingdao: 1,188 yuan per wet metric tonne (i
mplied 62% Fe China Port Price: $170.94 per dry tonne), down by 4 yuan per wmt.
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) went down in the morning trading session but rebounded in the afternoon, ending up by 2.2%...