Seaborne iron ore trading activity increased on Wednesday May 9, with lower fixed prices but steadier premiums.
Metal Bulletin 62% Fe Iron Ore Index: $66.46 per tonne cfr Qingdao, down by $0.34 per tonne Metal Bulletin 58% Fe Premium Index: $54.29 per tonne cfr Qingdao, down by $1.25 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.20 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe China Port Price Index: 478 yuan per wet tonne (implied 62% Fe China Port Price $65.81 per dry tonne), down by 1 yuan per wet tonne Key driversChina's benchmark ferrous futures contracts dipped across the board on the day with iron ore outperforming others, losing just 0.6% day on day.The country's spot rebar and hot-rolled coil prices also fell 10-30 yuan ($1.60-4.70) per tonne.Spot iron ore trading slowed down at Chinese...