Trading activity in the physical iron ore market picked up on Thursday September 13 following gains in the paper markets.
Metal Bulletin 62% Fe Iron Ore Index: $68.26 per tonne cfr Qingdao, up by $0.40 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.29 per tonne cfr Qingdao, up by $0.40 per tonne.Metal Bulletin 62% Fe Iron Ore Index - Low Alumina: $74.10 per tonne cfr Qingdao, down by $0.07 per tonneMetal Bulletin 58% Fe Premium Index: $56.78 per tonne cfr Qingdao, up $1 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $96.50 per tonne cfr Qingdao, up $0.50 per tonne.Metal Bulletin 62% Fe China Port Price Index: 510 yuan per wet metric tonne (implied 62% Fe China Port Price $65.55 per dry tonne), down 1 yuan per wmt. Key driversChina's iron ore futures advanced in the afternoon, with the benchmark contract ending 3% higher than the previous day's settlement price.Spot iron ore transaction volumes and prices at Chinese ports rose as a result, with a trading binge involving...