Seaborne iron ore went up on Thursday May 28 with mid-grade iron ores such as Newman fines and Pilbara Blend fines from Australia performing well, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $97.09 per tonne, up $1.72 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $98.89 per tonne, up $0.89 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $85.54 per tonne, up $1.30 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $112 per tonne, up $1.10 per tonne.
62% Fe fines, fot Qingdao: 742 yuan per wet metric tonne (
implied 62% Fe China Port Price: $95.37 per dry tonne), up 7 yuan per wmt.
Key drivers
Sources said the market had recently lacked...