Physical iron ore prices changed only slightly on Wednesday August 28, while market participants continued to wait for further news about production restrictions in China.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.45 per tonne, up by $0.10 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $82.83 per tonne, up by $0.10 per tonne.62% Fe low-alumina fines, cfr Qingdao: $81.16 per tonne, up by $0.09 per tonne.58% Fe fines high-premium, cfr Qingdao: $71.08 per tonne, down by $0.38 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $91 per tonne, down by $0.10 per tonne.62% Fe fines. Fot Qingdao: 694 yuan per wet metric tonne (implied 62% Fe China Port Price, $89 per dry tonne), down by 3 yuan per wmt.Key driversA "suggestion draft" for emission control measures in September in northern China's Tangshan steel hub was circulated among market participants on Monday and another "preliminary draft" was heard to be released by local authorities on Tuesday, with slight adjustments made.Chinese market participants...