Physical iron ore prices generally weakened on Wednesday November 27 amid further losses in futures and steel markets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.56 per tonne, down $1.74 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $87.59 per tonne, down $1.74 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $87.03 per tonne, down $1.68 per tonne.
58% Fe fines high-premium, cfr Qingdao: $77.32 per tonne, down $0.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $99.60 per tonne, down $1.70 per tonne.
62% Fe fines, fot Qingdao: 661 yuan per wet metric tonne (implied
62% Fe China Port Price, $86.01 per dry tonne), down 1 yuan per wet metric tonne.
Key drivers
China's steel and iron ore futures continued to soften on the day, with the benchmark iron...