Seaborne iron ore prices were rangebound on Tuesday December 15 compared with the previous day, but trading activity had picked up at the Chinese ports, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $155.07 per tonne, up $0.70 per tonne
62% Fe low-alumina fines, cfr Qingdao: $155.09 per tonne, up $0.38 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $143.90 per tonne, down $1.53 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $167.20 per tonne, up $0.20 per tonne
62% Fe fines, fot Qingdao: 1035 yuan per wet metric tonne (
implied 62% Fe China Port Price: $147.11 per dry tonne), down by 1 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) was up by around 2.9% day on day at the close.
The most-liquid January 62% Fe...