Physical iron ore prices showed only small changes, or did not change, on Friday April 26 amid mixed news in the market.
MB 62% Fe Iron Ore Index: $93.58 per tonne cfr Qingdao, up by $0.08 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.36 per tonne cfr Qingdao, up by $0.08 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $96.03 per tonne cfr Qingdao, up by $0.05 per tonne.MB 58% Fe Premium Index: $84.62 per tonne cfr Qingdao, up by $0.76 per tonne.MB 65% Fe Iron Ore Index: $107.40 per tonne cfr Qingdao, unchanged.MB 62% Fe China Port Price Index: 675 yuan per wet metric tonne (implied 62% Fe China Port Price $91.81 per dry tonne), unchanged.Key driversThere was market chatter on Friday after a Brazilian steel institute official said on Thursday that Vale's Vargem Grande iron ore mining complex might restart operations in 15-20 days' time.Vale had made no announcement on this subject at the time of publication, however.The Vargem Grande complex, with capacity for 13 million tonnes per year,...