Seaborne iron ore prices pushed up on Thursday July 25, with firmer spot trades supporting the increases, sources told Fastmarkets.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $116.92 per tonne, up $2.03 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $117.28 per tonne, up $1.47 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $103.51 per tonne, down $1.26 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $124.90 per tonne, up $1.60 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 865 yuan per wet metric tonne (implied 62% Fe China Port Price $116.32 per dry tonne), down 1 yuan per wmt. Key driversThe iron ore market saw two fixed-price spot transactions concluded, while market participants considered the transacted prices to be firmer, lending support to the seaborne prices.A deal for...