Metal BulletinIron ore prices rose on Wednesday May 12 because of the strong price performance for steel products, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $237.57 per tonne, up $8.64 per tonne
62% Fe low-alumina fines, cfr Qingdao: $240.00 per tonne, up $10.19 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $207.22 per tonne, up $7.15 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $267.80 per tonne, up $7.20 per tonne
62% Fe fines, fot Qingdao: 1,673 yuan per wet metric tonne (implied 62% Fe China Port Price: $244.6 per dry tonne), up by 11 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4600 per dry metric tonne unit (dmtu), down $0.0300 per dmtu.
Riley, page-568
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