Seaborne iron ore prices continued to weaken on Tuesday November 13, yet higher premiums were paid for 62% Fe Australian fines.
MB 62% Fe Iron Ore Index: $75.73 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.53 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $77.72 per tonne cfr Qingdao, down $1.06 per tonne.MB 58% Fe Premium Index: $64.83 per tonne cfr Qingdao, down by $1.86 per tonne.MB 65% Fe Iron Ore Index: $95.40 per tonne cfr Qingdao, down by $0.90 per tonne.MB 62% Fe China Port Price Index: 591 yuan ($84.85) per wet metric tonne (implied 62% Fe China Port Price $75.32 per dry tonne), down by 6 yuan per wmt.Key driversChina's benchmark January iron ore futures contract largely trended down on Tuesday after a brief uptick in the morning, ending 1.7% lower than the previous day's settlement.This downtrend,...