Prices for iron ore fines weakened on Wednesday October 31 in a cautious market, while lump premiums traded higher.
MB 62% Fe Iron Ore Index: $75.71 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.74 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.13 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $67.42 per tonne cfr Qingdao, down by $0.09 per tonne. MB 65% Fe Iron Ore Index: $98 per tonne cfr Qingdao, down by $0.50 per tonne. MB 62% Fe China Port Price Index: 593 yuan per wet metric tonne (implied 62% Fe China Port Price $75.46 per dry tonne), down 8 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3450 per dey metric tonne unit, up $0.01 per dry metric tonne unit. Key drivers China's steel and iron ore futures dropped on Tuesday night and stayed in negative territory on Wednesday. Authorities in north China's steelmaking hub...