Seaborne iron ore prices remained flat on Tuesday October 6 during the Chinese Golden Week holiday amid few offers in the market, however, the iron ore swaps prices gained further after an increase in steel billet prices, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged
62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged
58% Fe fines high-grade premium, cfr Qingdao: $111.76 per tonne, unchanged
65% Fe Brazil-origin fines, cfr Qingdao: $134.40 per tonne, unchanged
62% Fe fines, fot Qingdao: 911 yuan per wet metric tonne (
implied 62% Fe China Port Price: $124.33 per dry tonne), unchanged
Key drivers
Markets in China remain closed on Tuesday for the National Day holidays due to last to Thursday October 8.
Despite a quiet day in...