IRON ORE DAILY: Prices rebound amid train derailment in Australia

November 06, 2018 / www.metalbulletin.com / Article Link

Seaborne iron ore prices strengthened on Monday November 5 amid fears of supply disruptions in Australia.

MB 62% Fe Iron Ore Index: $75.74 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.77 per tonne cfr Qingdao, up $1.77 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.30 per tonne cfr Qingdao, up $2.34 per tonne.MB 58% Fe Premium Index: $66.92 per tonne cfr Qingdao, up by $0.49 per tonne.MB 65% Fe Iron Ore Index: $97.10 per tonne cfr Qingdao, up by $0.60 per tonne.MB 62% Fe China Port Price Index: 586 yuan per wet metric tonne (implied 62% Fe China Port Price $74.95 per dry tonne), down by 6 yuan per wmt. Key driversChina's ferrous futures regained some strength after last week's steep drops, with the benchmark iron ore contract finishing the day up by around 0.9% from last Friday's settlement price.A...

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