Seaborne iron ore prices were up slightly on Wednesday November 18 after authorities removed emergency pollution controls in the steelmaking hub of Tangshan, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $126.34 per tonne, up $0.90 per tonne
62% Fe low-alumina fines, cfr Qingdao: $126.58 per tonne, up $0.59 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $116.30 per tonne, up $0.74 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $138.60 per tonne, up $0.30 per tonne
62% Fe fines, fot Qingdao: 902 yuan per wet metric tonne (
implied 62% Fe China Port Price: $127.23 per dry tonne), up by 9 yuan per wmt
Key drivers
The most-traded January contract in the Chinese iron ore futures market on the Dalian Commodity Exchange (DCE) inched up around 0.4% from the closing price on Tuesday.
The most-liquid December 62% Fe swap contract on the Singapore Exchange (SGX) gained around $0.80 per tonne compared with the opening price, as of 6pm Singapore time.