Seaborne iron ore prices and premiums fell on Thursday November 1 following retreats in the futures market.
MB 62% Fe Iron Ore Index: $75.25 per tonne cfr Qingdao, down $0.46 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.28 per tonne cfr Qingdao, down $0.46 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.16 per tonne cfr Qingdao, down $1.97 per tonne.MB 58% Fe Premium Index: $67.02 per tonne cfr Qingdao, down by $0.40 per tonne.MB 65% Fe Iron Ore Index: $96.90 per tonne cfr Qingdao, down by $1.10 per tonne.MB 62% Fe China Port Price Index: 596 yuan per wet metric tonne (implied 62% Fe China Port Price $76.15 per dry tonne), up 3 yuan per wmt. Key driversChina's ferrous futures market fell across the board on Thursday afternoon, with the benchmark rebar contract down 1.9% and the iron ore contract falling 2.5% from the previous day's settlements.Although spot iron ore transactions at Chinese ports were reported...