The seaborne iron ore market uptrend resumed on Wednesday May 6 due to more active trading after Chinese market participants returned from the Labor Day holiday on May 1-5.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $84.35 per tonne, up $0.31 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $86.24 per tonne, down $0.46 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $72.81 per tonne, up $0.68 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.30 per tonne, up $0.60 per tonne.
62% Fe fines, fot Qingdao: 679 yuan per wet metric tonne (
implied 62% Fe China Port Price: $88.07 per dry tonne), up 10 yuan per wmt.
Key drivers
The Dalian Commodity Exchange restarted...