Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao
: $122.22 per tonne, down $1.98 per tonne
62% Fe low-alumina fines, cfr Qingdao
: $121.69 per tonne, down $1.96 per tonne
58% Fe fines high-grade premium, cfr Qingdao
: $108.92 per tonne, down $2.05 per tonne
65% Fe Brazil-origin fines, cfr Qingdao
: $133.40 per tonne, down $2.40 per tonne
62% Fe fines, fot Qingdao
: 949 yuan per wet metric tonne (implied 62% Fe China Port Price
: $127.79 per dry tonne), up by 5 yuan per wmt
The iron ore futures market returned to a loss from yesterday’s increase. The most-traded January futures contract on the Dalian Commodity Exchange (DCE) decreased by 1.7% compared to one day earlier, almost eliminating the increment made on Wednesday.
Meanwhile, iron ore forward-month swap contracts on the Singapore Exchange followed the same downtrend as on...