Seaborne iron ore prices picked up on Thursday September 6 with index-linked shipments of Pilbara Blend fines traded at little or no discount.
Metal Bulletin 62% Fe Iron Ore Index: $68.39 per tonne cfr Qingdao, up by $1.60 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.42 per tonne cfr Qingdao, up by $1.60 per tonne.Metal Bulletin 62% Fe Iron Ore Index, Low Alumina: $74.60 per tonne cfr Qingdao, up by $2.50 per tonneMetal Bulletin 58% Fe Premium Index: $55.64 per tonne cfr Qingdao, up by $0.87 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $95.90 per tonne cfr Qingdao, up by $0.80 per tonne.Metal Bulletin 62% Fe China Port Price Index: 507 yuan per wet metric tonne (implied 62% Fe China Port Price $65.26 per dry tonne), up by 1 yuan per wmt.Metal Bulletin 63% Fe Australian Lump Premium: $0.3550 per dry metric tonne unit, up by $0.0200 per dmtu.Key driversChina's ferrous futures advanced across the board with the benchmark iron ore contract rising by 3.3% from the level of the...