Physical iron ore prices posted limited movement on Thursday December 27 with market participants continuing to take caution when trading in the last few days of the year.
MB 62% Fe Iron Ore Index: $71.48 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.31 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.56 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $64.02 per tonne cfr Qingdao, up $0.35 per tonne. MB 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 558 yuan per wet metric tonne (implied 62% Fe China Port Price $71.97 per dry tonne), up 2 yuan per wmt.Key driversChina's ferrous futures largely moved up in the night session on Wednesday to open higher on Thursday, but then retreated during the day.Spot iron ore traded within a range at Chinese ports,...