Seaborne iron ore prices were up on Monday February 17 amid the gradual return of workers after the extended Lunar New Year holiday in China.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.48 per tonne, up $1.81 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.81 per tonne, up $1.81 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.84 per tonne, up $2.05 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.82 per tonne, up $1.10 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.30, up $1.90 per tonne.
62% Fe fines, fot Qingdao: 644 yuan per wet metric tonne (
implied 62% Fe China Port Price: $84.30 per dry tonne), up 4 yuan per wet metric tonne.
Key drivers
Market participants said the return of the workforce in various regions across China had lent some support to improving sentiment.
"There...