Iron ore prices were up slightly on Friday June 11 amid concerns over supplies of both iron ore and steel in the Chinese domestic market, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $219.26 per tonne, up by $2.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $221.25 per tonne, up by $2.21 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $192.78 per tonne, up by $0.88 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $249.20 per tonne, up by $3.10 per tonne
62% Fe fines, fot Qingdao: 1,502 yuan per wet metric tonne (
implied 62% Fe China Port Price: $220.40 per dry tonne), up by 41 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.6950 per dry metric tonne unit (dmtu), down by $0.0050 per dmtu.
Key drivers
The most-traded September iron ore futures contract...