Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.71 per tonne, down $1.60 per tonne.
58% Fe fines high-premium, cfr Qingdao: $78.25 per tonne, down $1.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.30 per tonne, down $1.50 per tonne.
62% Fe fines, fot Qingdao: 662 yuan per wet metric tonne (implied
62% Fe China Port Price, $86.19 per dry tonne), up 2 yuan per wet metric tonne.
Key drivers
China's steel and iron ore futures have largely trended...