Seaborne iron ore prices increase further amid positive outlooks
Seaborne iron ore prices increased sharply on Tuesday December 7 due to bullish outlooks for the ferrous industry amid a cut in the reserve requirement ratio (RRR), market participants told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $111.34 per tonne, up $8.51 per tonne
62% Fe low-alumina fines, cfr Qingdao: $112.52 per tonne, up $9.03 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $85.49 per tonne, up $7.98 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $127.20 per tonne, up $9.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1550 per dry metric tonne unit (dmtu),up $0.0150 per dmtu
62% Fe fines, fot Qingdao: 720 yuan per wet metric tonne (implied 62% Fe China Port Price: $103.75 per dry tonne), up by 33 yuan per wmt
Iron Ore Price, page-17
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