Seaborne prices edged up slightly on Wednesday December 4 amid gains in the futures market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.06 per tonne, up $0.75 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $88.15 per tonne, up $0.75 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.63 per tonne, up $0.43 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.55 per tonne, up $1.31 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $100.50 per tonne, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 668 yuan per wet metric tonne (implied
62% Fe China Port Price, $86.80 per dry tonne), up 5 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2550 per dry metric tonne unit, up $0.0250 per dry metric tonne unit.
Key drivers
The benchmark January iron ore contract on the Dalian...