Physical iron ore markets continued to strengthen on Friday May 17, with the seaborne price breaching $100 per tonne cfr China for the first time in five years amid bullish futures.
MB 62% Fe Iron Ore Index: $101.71 per tonne cfr Qingdao, up by $2.50 per tonne.
MB 62% Fe Pilbara Blend Fines Index:$99.90 per tonne cfr Qingdao, up by $2.50 per tonne.
MB 62% Fe Iron Ore Index-Low Alumina:$104.48 per tonne cfr Qingdao, up by $1.68 per tonne.
MB 58% Fe Premium Index: $92.12 per tonne cfr Qingdao, up by $3.02 per tonne.
MB 65% Fe Iron Ore Index: $115.60 per tonne cfr Qingdao, up by $2.10 per tonne.
MB 62% Fe China Port Price Index: 716 yuan per wet metric tonne (implied 62% Fe China Port Price $95.63 per dry tonne), up by 19 yuan per wmt.
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