Seaborne iron ore prices rebounded on Friday September 3 following an uptick in China's steel market, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $144.71 per tonne, up $2.69 per tonne
62% Fe low-alumina fines, cfr Qingdao: $145.30 per tonne, up $2.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $114.54 per tonne, up $2.52 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $163.60 per tonne, up $2.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0700 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 1,060 yuan per wet metric tonne (implied
62% Fe China Port Price: $152.65 per dry tonne), up by 1 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in an upward trend on Friday, ending up by 1.61% from Thursday's...