Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $104.85 per tonne, up $1.41 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $107.80 per tonne, up $1.68 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $94.01 per tonne, up $0.62 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $117.40 per tonne, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 811 yuan per wet metric tonne (implied
62% Fe China Port Price: $105.53 per dry tonne), up 11 yuan per wmt.
Key drivers
There was a stable increase in iron ore contacts through the trading...