Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao
: $106.66 per tonne, down $1.02 per tonne
62% Fe low-alumina fines, cfr Qingdao
: $109.79 per tonne, up $0.13 per tonne
58% Fe fines high-grade premium, cfr Qingdao
: $95.55 per tonne, up $1.11 per tonne
65% Fe Brazil-origin fines, cfr Qingdao
: $119.40 per tonne, unchanged
62% Fe fines, fot Qingdao
: 853 yuan per wet metric tonne (implied 62% Fe China Port Price
: $112.70 per dry tonne), up by 3 yuan per wmt
The iron ore futures market recovered from two consecutive days of lower closes on the Dalian Commodity Exchange, with the most-traded September futures contract increasing by 0.68%.
Meanwhile, the iron ore swaps on the Singapore Exchange increased by $0.71 and $0.63 per tonne for August and September contracts respectively by 6pm.
Sources said the lack of further...