Seaborne iron ore prices stayed on an upward trend on Friday December 11, despite environmental restrictions being imposed on steel mills in the steelmaking hub of Tangshan, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $160.13 per tonne, up $3.55 per tonne
62% Fe low-alumina fines, cfr Qingdao: $160.41 per tonne, up $3.62 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $149.39 per tonne, up $4.46 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $173.30 per tonne, up $3.00 per tonne
62% Fe fines, fot Qingdao: 1,052 yuan per wet metric tonne (
implied 62% Fe China Port Price: $149.59 per dry tonne), up by 24 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) had a strong start in the morning trading...