Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $165.29 per tonne, up $4.82 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.00 per tonne, up $4.58 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $149.63 per tonne, unchanged
65% Fe Brazil-origin fines, cfr Qingdao: $181.50 per tonne, up $7.80 per tonne
62% Fe fines, fot Qingdao: 1,114 yuan per wet metric tonne (implied 62% Fe China Port Price: $159.02 per dry tonne), down by 2 yuan per wmt
The most-traded iron ore futures May contract on the Dalian Commodity Exchange (DCE) was largely flat during the morning, but increased sharply in afternoon trading, ending the day up by 2.4% from last Thursday’s closing price of 996 yuan ($153) per tonne.
Meanwhile, the iron ore forward-month swap...