Seaborne iron ore prices were mixed on Tuesday February 19, with the MB 65% Fe Iron Ore Index dipping slightly while the MB 62% Fe Iron Ore Index saw an uptick after a trade was heard done at a higher price.
MB 62% Fe Iron Ore Index: $89.21 per tonne cfr Qingdao, up $0.89 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.61 per tonne cfr Qingdao, up $0.90 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $90.07 per tonne cfr Qingdao, unchanged. MB 58% Fe Premium Index: $78.74 per tonne cfr Qingdao, down $2.41 per tonne. MB 65% Fe Iron Ore Index: $100.60 per tonne cfr Qingdao, down $0.20 per tonne. MB 62% Fe China Port Price Index: 657 yuan per wet metric tonne (implied 62% Fe China Port Price $86.57 per dry tonne), down 1 yuan per wet metric tonne. Key driversThe MBIOI-62 rose past $89 to reach $89.21 per tonne cfr China on Tuesday, still shy of the February 11 high of $90.58 per tonne cfr.A March loading seaborne cargo of 61% Fe Pilbara Blend...