Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $184.42 per tonne, up by $2.85 per tonne
62% Fe low-alumina fines, cfr Qingdao: $185.08 per tonne, up by $2.28 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $147.90 per tonne, up by $1.29 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $215.40 per tonne, up by $1 per tonne
62% Fe fines, fot Qingdao: 1,288 yuan per wet metric tonne (implied 62% Fe China Port Price: $186.40 per dry tonne), down by 13 yuan per wmt.
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased initially but rebounded higher, ending up by 2.6% from last Friday’s closing price of 1,027 yuan ($159) per tonne.
Meanwhile, the most-traded September iron ore forward-month swap contract on the Singapore Exchange (SGX) also rose, despite going down in the afternoon. By 6:20pm Singapore time, it showed an increase of $1.20...