A rise in prices in both the Chinese iron ore futures market and the 62% Fe July swaps contract on the Singapore Exchange (SGX) contributed to the increase.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$100.65 per tonne, up $1.18 per tonne.
62% Fe low-alumina fines, cfr Qingdao:
$103 per tonne, up $0.90 per tonne.
58% Fe fines high-grade premium, cfr Qingdao:
$89.55 per tonne, down $1.42 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao:
$113 per tonne, up $0.90 per tonne.
62% Fe fines, fot Qingdao:
795 yuan per wet metric tonne (implied 62% Fe China Port Price:
$103.77 per dry tonne), up by 1 yuan per wmt.
In Chinese iron ore futures, the most-traded September contract rose sharply during the late trading session on Thursday and then remained largely stable through the trading day...