Seaborne iron ore prices continued to be buoyed by cyclone-led port impacts in Western Australia on Friday February 7, while doubts remained among Chinese market participants about steelmaking demand.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $83.59 per tonne, up $0.42 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $82.92 per tonne, up $0.42 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $85.02 per tonne, up $0.75 per tonne.
58% Fe fines high-premium, cfr Qingdao: $70.78 per tonne, down $0.20 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $98.40, up $0.80 per tonne.
62% Fe fines, fot Qingdao: 611 yuan per wet metric tonne (implied
62% Fe China Port Price: $79.93 per dry tonne), up 4 yuan per wet metric tonne.
Key drivers
The Pilbara Ports Authority said early on Friday that in...