Seaborne iron ore prices rose on Friday December 27 because of trades heard at higher levels.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.51 per tonne, up $0.88 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $90.60 per tonne, up $0.88 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.65 per tonne, up $1.04 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.73 per tonne, up $0.50 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.70 per tonne, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 672 yuan per wet metric tonne (
implied 62% Fe China Port Price, $88.02 per dry tonne), up 5 yuan per wet metric tonne.
Key drivers
China's benchmark steel and iron ore contracts made gains; the January 62% Fe iron ore derivative contract on the Singapore Exchange also strengthened to traded at $90.15 per tonne cfr, up from the settlement level of $89.56 per tonne cfr...