IRON ORE DAILY: Prices rise on possible steel production limit in China
Iron ore prices went up on Thursday July 1 and there was market chatter about a crude steel production limit for 2021 in certain Chinese provinces, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $219.32 per tonne, up $5.24 per tonne
62% Fe low-alumina fines, cfr Qingdao: $221.75 per tonne, up $3.90 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $182.51 per tonne, up $1.56 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $252.40 per tonne, up $0.50 per tonne
62% Fe fines, fot Qingdao: 1,507 yuan ($233.83) per wet metric tonne (implied 62% Fe China Port Price: $219.07 per dry tonne), up by 9 yuan per wmt
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