Physical iron ore prices rebounded on Wednesday August 14 amid an easing of the trade tensions between China and the United States, but seaborne buying remained lackluster.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $90.72 per tonne, up by $1.47 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $89.22 per tonne, up by $1.47 per tonne.Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $90.81 per tonne, up by $1.29 per tonne.Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $79.45 per tonne, up by $1.92 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $100.00 per tonne, up by $2.50 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 729 yuan per wet metric tonne (implied 62% Fe China Port Price $95.07 per dry tonne), up by 4 yuan per wmt.Key driversUS President Donald Trump was reported late on Tuesday to have said that part of a new 10% tariff on $300 billion-worth of Chinese goods would be...