Iron ore prices up, Tangshan lifts short-term production curbs
Seaborne iron ore prices surged higher on Thursday December 16 amid a positive outlook for long-term iron ore demand, increased steel prices and the news of Tangshan’s relaxed short-term production-curb policy, market participants said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $116.06 per tonne, up by $5.06 per tonne
62% Fe low-alumina fines, cfr Qingdao: $117.12 per tonne, up by $5.37 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $89.32 per tonne, up by $3.41 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $132.40 per tonne, up by $5.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1400 per dry metric tonne unit (dmtu), down by $0.0050 per dmtu
62% Fe fines, fot Qingdao: 747 yuan per wet metric tonne (implied 62% Fe China Port Price: $107.91 per dry tonne), up by 8 yuan per wmt
Iron Ore Price, page-21
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