Seaborne iron ore prices moved up slightly on Wednesday September 29 amid restocking activity by steel mills at Chinese ports, but liquidity thinned ahead of the week-long national holidays, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $114.13 per tonne, up $2.07 per tonne
62% Fe low-alumina fines, cfr Qingdao: $115.02 per tonne, up $1.57 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $85.06 per tonne, up $1.98 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $138.30 per tonne, up $1.80 per tonne
62% Fe fines, fot Qingdao: 856 yuan per wet metric tonne (implied
62% Fe China Port Price: $122.53 per dry tonne), up by 2 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) trended higher on Wednesday, ending the day up by 2.4% from Tuesday's closing price of 678 yuan ($105) per tonne.
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