Seaborne iron ore prices increased on Thursday December 17, amid rising concerns over limited supplies and low steel inventories, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $158.49 per tonne, up $2.04 per tonne
62% Fe low-alumina fines, cfr Qingdao: $158.89 per tonne, up $2.18 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $147.10 per tonne, up $1.33 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $170.80 per tonne, up $1.90 per tonne
62% Fe fines, fot Qingdao: 1056 yuan per wet metric tonne (
implied 62% Fe China Port Price: $150.34 per dry tonne), up by 10 yuan per wmt
Key drivers
The...