Seaborne iron ore prices rebounded on Thursday October 10 following a big decline a day earlier, thanks to gains in the futures markets.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.68 per tonne, up by $2.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $94.23 per tonne, up by $3.89 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.08 per tonne, up by $2.33 per tonne.58% Fe fines high-premium, cfr Qingdao: $82.39 per tonne, up by $2.23 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $99.30 per tonne, up by $2.60 per tonne.62% Fe fines, fot Qingdao: 746 yuan per wet metric tonne (implied 62% Fe China Port Price, $96.26 per dry tonne), down by 8 yuan per wmt.63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit, up by $0.0150 per dmtu.Key driversA set of industry data released by a Chinese data provider early in the afternoon showed that production of major steel products in the country had picked up compared with earlier this week, while inventoriy volumes largely...