Seaborne iron ore prices increased moderately on Wednesday December 12 following a pick-up in China's spot steel prices.
MB 62% Fe Iron Ore Index: $66.73 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Pilbara Blend Fines Index: $66 per tonne cfr Qingdao, up $0.76 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $71 per tonne cfr Qingdao, up $1.32 per tonne. MB 58% Fe Premium Index: $59.92 per tonne cfr Qingdao, up $0.25 per tonne. MB 65% Fe Iron Ore Index: $83.40 per tonne cfr Qingdao, up $0.60 per tonne. MB 62% Fe China Port Price Index: 532 yuan per wet metric tonne (implied 62% Fe China Port Price $68.14 per dry tonne), down 2 yuan per wmt. Key drivers China's steel futures price range was higher than a day earlier, while the billet price in Tangshan - which indicates market sentiment - rose by 30 yuan ($4.30) per tonne in the day. Iron ore swaps on the Singapore Exchange also slightly strengthened from...