Seaborne iron ore prices and premiums advanced on Thursday November 8, on continuing concerns over Australian supplies and following a rebound in China's futures market.
MB 62% Fe Iron Ore Index: $76.27 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.90 per tonne cfr Qingdao, up $1.52 per tonne.MB 58% Fe Premium Index: $67.12 per tonne cfr Qingdao, up by $0.30 per tonne.MB 65% Fe Iron Ore Index: $96.80 per tonne cfr Qingdao, unchanged.MB 62% Fe China Port Price Index: 592 yuan per wet metric tonne (implied 62% Fe China Port Price $75.82 per dry tonne), up by 1 yuan per wmt. Key driversFastmarkets understands that BHP expects to have partial rail operations in about a week's time, after an iron ore train was derailed on Monday, with stockpiled iron ore reserves at Port Hedland being used over the coming days to maintain...