Iron ore prices continued their uptrend on Wednesday May 22 with the Fastmarkets MB 62% Fe Iron Ore Index rising to more than $105 per tonne cfr China.
MB 62% Fe Iron Ore Index: $105.78 per tonne cfr Qingdao, up by $3.75 per tonne.MB 62% Fe Pilbara Blend Fines Index: $103.97 per tonne cfr Qingdao, up by $3.75 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $108.26 per tonne cfr Qingdao, up by $2.50 per tonne.MB 58% Fe Premium Index: $95.20 per tonne cfr Qingdao, up by $2.32 per tonne.MB 65% Fe Iron Ore Index: $119.20 per tonne cfr Qingdao, up by $2.50 per tonne.MB 62% Fe China Port Price Index: 737 yuan per wet metric tonne (implied 62% Fe China Port Price $98.12 per dry tonne), up by 16 yuan per wmt.Key driversChina's iron ore futures maintained their upswing during trading on May 22, with the benchmark contract ending 3.4% higher than the settlement level a day earlier.This was based on relatively tight seaborne iron ore...