Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $81 per tonne, up $2.70 per tonne.
58% Fe fines high-premium, cfr Qingdao: $70.90 per tonne, up $2.40 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $92.30 per tonne, up $2.50 per tonne.
62% Fe fines, fot Qingdao: 625 yuan per wet metric tonne (implied
62% Fe China Port Price, $81.51 per dry tonne), down 2 yuan per wet metric tonne.
Key drivers
China’s steel and iron ore futures spiked on Tuesday morning, with benchmark rebar and hot-rolled coil contracts climbing further in the afternoon while the iron ore contract remained rangebound. The latter ended 2.5% higher than the previous day’s settlement.
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