Iron ore prices largely went up on Tuesday July 13 after China's June imports data was released and with relatively low shipments from Australia.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $218.48 per tonne, up by $0.63 per tonne
62% Fe low-alumina fines, cfr Qingdao: $221.46 per tonne, up by $0.86 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $178.66 per tonne, down by $2.73 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $251.80 per tonne, up by $0.80 per tonne
62% Fe fines, fot Qingdao: 1,515 yuan per wet metric tonne (
implied 62% Fe China Port Price: $219.61 per dry tonne), up by 15 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) increased in both the morning and afternoon sessions, ending up by 3.1% from Monday's closing...