Physical iron ore prices were rangebound on Friday October 11, with some low-alumina products showing signs of recovery.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.76 per tonne, up by $0.08 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.25 per tonne, down by $1.98 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.90 per tonne, up by $0.82 per tonne.58% Fe fines high-premium, cfr Qingdao: $82.68 per tonne, up by $0.29 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $99.30 per tonne, unchanged.62% Fe fines, fot Qingdao: 746 yuan per wet metric tonne (implied 62% Fe China Port Price, $96.37 per dry tonne), unchanged.Key driversChina's steel and iron ore futures retreated on Friday morning but picked up in the afternoon. The benchmark iron ore contract ended the day largely flat from the previous day's close.Spot iron ore trading activity at Chinese ports slowed down, with prices showing limited changes.At least five seaborne deals concluded on platforms...