The seaborne iron ore market halted its downward spiral on Thursday August 8, with the return of some buying interest keeping prices from falling for a seventh consecutive trading day.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $94.12 per tonne, up $0.81 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $92.62 per tonne, up $0.81 per tonne.Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $94.78 per tonne, up $0.83 per tonne.Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $84.11 per tonne, up $1.11 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $101.60 per tonne, up $1.20 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 773 yuan per wet metric tonne (implied 62% Fe China Port Price $101.05 per dry tonne), down 9 yuan per wet metric tonne. Key driversTrading activity picked up during the day, with cargoes changing hands against indices.Jimblebar fines changed hands at the October average of two indices at a discount of $2.70 per...