Seaborne iron ore prices rose on Wednesday December 16 after the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) crossed the 1,000 yuan-mark ($153) to close the afternoon trading session, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $156.45 per tonne, up $1.38 per tonne
62% Fe low-alumina fines, cfr Qingdao: $156.71 per tonne, up $1.62 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $145.77 per tonne, up $1.87 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $168.90 per tonne, up $1.70 per tonne
62% Fe fines, fot Qingdao: 1,046 yuan per wet metric tonne (
implied 62% Fe China Port Price: $148.59 per dry tonne), up by 11 yuan per wmt
Key drivers
The most-traded May iron ore futures...