Iron ore prices increased on Tuesday January 5, with active trading in the seaborne and port markets supported by record high prices in coke futures, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $167.86 per tonne, up $2.57 per tonne
62% Fe low-alumina fines, cfr Qingdao: $168.00 per tonne, up $2 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $5.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $184.10 per tonne, up $2.60 per tonne
62% Fe fines, fot Qingdao: 1140 yuan per wet metric tonne (
implied 62% Fe China Port Price: $164.32 per dry tonne), up by 26 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) went down slightly in the morning but rebounded in the afternoon trading session, ending the session...