Mid-grade seaborne iron ore prices were rangebound on Wednesday November 6 amid continued uncertainty in the market.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.47 per tonne, up $0.17 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.29 per tonne, up $0.17 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.86 per tonne, up $0.17 per tonne.58% Fe fines high-premium, cfr Qingdao: $72.90 per tonne, up $0.47 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $92.70 per tonne, up $0.40 per tonne. 62% Fe fines, fot Qingdao: 655 yuan per wet metric tonne (implied 62% Fe China Port Price, $85.50 per dry tonne), down 2 yuan per wet metric tonne.Key driversChina's benchmark January iron ore futures was largely steady for most of the Wednesday trading session but started to dip at just before 3pm Singapore time, ending around 0.1% lower compared with the previous day's closing price. The November and December 62% Fe derivative contracts on the Singapore Exchange (SGX) inched up by around $0.10 per tonne and $0.56 per tonne respectively...