Iron ore seaborne prices eased a little on Tuesday December 10, but some market participants remained optimistic that steel mills' restocking will likely lend some support.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.57 per tonne, down $0.36 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $92.66 per tonne, down $0.36 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.48 per tonne, down $0.34 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.73 per tonne, down $0.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.80 per tonne, down $0.60 per tonne.
62% Fe fines, fot Qingdao: 683 yuan per wet metric tonne (implied
62% Fe China Port Price, $88.98 per dry tonne), up 4 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2550 per dry metric tonne unit, unchanged.
Key drivers
The benchmark May iron ore contract on the Dalian Commodity Exchange continued its upward climb during...