Seaborne iron ore prices were mostly higher on Friday June 5, with another weekly decrease in iron ore stocks at Chinese ports lending support to the market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $100.74 per tonne, up $1.50 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $103.24 per tonne, up $1.07 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $89.47 per tonne, up $0.06 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $113.50 per tonne, unchanged.
62% Fe fines, fot Qingdao: 781 yuan per wet metric tonne (
implied 62% Fe China Port Price: $101.13 per dry tonne), down 4 yuan per wmt.
Key drivers
"The iron ore inventory at 45 ports in...