Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.
MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB 58% Fe Premium Index: $61.98 per tonne cfr Qingdao, up by $0.56 per tonne.MB 65% Fe Iron Ore Index: $97.20 per tonne cfr Qingdao, up by $0.10 per tonne.MB 62% Fe China Port Price Index: 561 yuan per wet metric tonne (implied 62% Fe China Port Price $71.55 per dry tonne), up by 7 yuan per wmt.Key driversTrading activity in the physical iron ore market slowed down during the day against the background of a downtrend...