Iron ore prices on slight uptrend amid active trading at Chinese ports

Seaborne iron ore prices tricked up on Wednesday December 1, mainly due to active trading at Chinese ports, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $104.49 per tonne, up $2.10 per tonne
62% Fe low-alumina fines, cfr Qingdao: $104.56 per tonne, up $1.55 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $78.46 per tonne, up $3.63 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $118.60 per tonne, up $1.70 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1400 per dry metric tonne unit (dmtu), up $0.0200 per dmtu
62% Fe fines, fot Qingdao: 688 yuan per wet metric tonne (implied 62% Fe China Port Price: $99.06 per dry tonne), up by 13 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) gradually trended in an upward direction, but had a slight dip toward the close of the market and ended up by just...

Published

Alex Theo

December 01, 2021

12:46 GMT

Singapore