Seaborne iron ore prices were up on Thursday August 26 amid an uptrend in Chinese futures and for front-month swap contracts, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $152.92 per tonne, up $4.26 per tonne
62% Fe low-alumina fines, cfr Qingdao: $153.80 per tonne, up $4.85 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $122.88 per tonne, up $5.92 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $170.60 per tonne, up $5.00 per tonne
62% Fe fines, fot Qingdao: 1,069 yuan ($165) per wet metric tonne (implied
62% Fe China Port Price: $153.56 per dry tonne), up by 10 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1200 per dry metric tonne unit (dmtu), down $0.0050 per dmtu
Key drivers
The most-traded September iron ore futures contract...