Iron ore prices increased on Friday November 19, despite continuing weak demand, after uncomfirmed reports that China will soon ease restrictions on real estate loans, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.69 per tonne, up $4.42 per tonne
62% Fe low-alumina fines, cfr Qingdao: $92.60 per tonne, up $4.34 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $64.79 per tonne, up $4.21 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $105.90 per tonne, up $3.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1050 per dry metric tonne unit (dmtu), down $0.0050 per dmtu
62% Fe fines, fot Qingdao: 581 yuan per wet metric tonne (
implied 62% Fe China Port Price: $82.81 per dry tonne), down by 6 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) maintained its uptrend after opening...