Seaborne iron ore prices were rangebound on Tuesday November 27 after a rapid drop below $65 per-tonne cfr on Monday.
MB 62% Fe Iron Ore Index: $65.19 per tonne cfr Qingdao, up $0.94 per tonne.MB 62% Fe Pilbara Blend Fines Index: $64.46 per tonne cfr Qingdao, up $0.94 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $69.02 per tonne cfr Qingdao, up $0.05 per tonne.MB 58% Fe Premium Index: $57.06 per tonne cfr Qingdao, up $0.34 per tonne.MB 65% Fe Iron Ore Index: $81.80 per tonne cfr Qingdao, up $0.80 per tonne.MB 62% Fe China Port Price Index: 525 yuan per wet metric tonne (implied 62% Fe China Port Price $66.60 per dry tonne), down by 14 yuan per wmt.Key driversChina's ferrous futures rebounded on Monday night following plunges in the day session, but largely trended down again...