Seaborne iron ore prices were up on Friday October 9 after the return of active trading from Chinese market participants and post-holiday restocking activities, trade sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $125.72 per tonne, up $2.25 per tonne
62% Fe low-alumina fines, cfr Qingdao: $125.79 per tonne, up $2.30 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $116.30 per tonne, up $4.54 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $138.00 per tonne, up $3.60 per tonne
62% Fe fines, fot Qingdao: 934 yuan per wet metric tonne (
implied 62% Fe China Port Price: $127.66 per dry tonne), up by 23 yuan per wmt
Key drivers
Market participants believe that the return of trading activity from China has brought about a sense of bullishness after...