Physical iron ore markets recorded mixed performance on Wednesday November 28 amid a rebound in futures and swaps trading yet continued bearishness among participants.
MB 62% Fe Iron Ore Index: $66.35 per tonne cfr Qingdao, up $1.16 per tonne. MB 62% Fe Pilbara Blend Fines Index: $65.62 per tonne cfr Qingdao, up $1.16 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $69.64 per tonne cfr Qingdao, up $0.62 per tonne. MB 58% Fe Premium Index: $57.31 per tonne cfr Qingdao, up $0.25 per tonne. MB 65% Fe Iron Ore Index: $82.90 per tonne cfr Qingdao, up $1.10 per tonne. MB 62% Fe China Port Price Index: 520 yuan per wet metric tonne (implied 62% Fe China Port Price $65.87 per dry tonne), down by 5 yuan per wmt. Key drivers China's ferrous futures rebounded across the board...