Seaborne iron ore prices were rangebound on Tuesday October 16, while premiums for Pilbara Blend fines were up slightly.
MB 62% Fe Iron Ore Index: $71.50 per tonne cfr Qingdao, down by $0.16 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.53 per tonne cfr Qingdao, down by $0.16 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.70 per tonne cfr Qingdao, up by $0.36 per tonne.MB 58% Fe Premium Index: $59.61 per tonne cfr Qingdao, down by $0.19 per tonne.MB 65% Fe Iron Ore Index: $97.20 per tonne cfr Qingdao, down by $0.10 per tonne.MB 62% Fe China Port Price Index: 550 yuan per wet metric tonne (implied 62% Fe China Port Price $70.27 per dry tonne), up by 5 yuan per wmt.Key driversDespite market speculation, there has still been no official confirmation...