Seaborne iron ore prices were mostly stable on Tuesday November 24, due to limited physical trading - although futures gained because of a drop in cargo movements, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $127.42 per tonne, up $0.18 per tonne
62% Fe low-alumina fines, cfr Qingdao: $127.67 per tonne, up $0.18 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $118.57 per tonne, up $1.20 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.00 per tonne, down $0.10 per tonne
62% Fe fines, fot Qingdao: 904 yuan per wet metric tonne (
implied 62% Fe China Port Price: $127.48 per dry tonne), unchanged
Key drivers
The most-traded January iron ore...