IRON ORE DAILY: Prices reverse downtrend on easing of restrictions in Tangshan
Iron ore prices were up on Monday July 5 with market sentiment improving because of the easing of restrictions in China’s steelmaking hub of Tangshan, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $221.82 per tonne, up by $3.84 per tonne
62% Fe low-alumina fines, cfr Qingdao: $223.14 per tonne, up by $3.57 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $184.28 per tonne, up by $3.92 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $255.50 per tonne, up by $3.90 per tonne
62% Fe fines, fot Qingdao: 1,516 yuan per wet metric tonne (implied 62% Fe China Port Price: $219.74 per dry tonne), up by 9 yuan per wmt
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