Seaborne iron ore prices rose further on Tuesday January 8, edging closer to the $75-per-tonne-cfr mark.
MB 62% Fe Iron Ore Index: $74.46 per tonne cfr Qingdao, up $0.95 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.60 per tonne cfr Qingdao, up $1.26 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.20 per tonne cfr Qingdao, up $0.90 per tonne. MB 58% Fe Premium Index: $66.61 per tonne cfr Qingdao, up $0.11 per tonne. MB 65% Fe Iron Ore Index: $88.60 per tonne cfr Qingdao, unchanged. MB 62% Fe China Port Price Index: 575 yuan per wet metric tonne (implied 62% Fe China Port Price $74.26 per dry tonne), up 7 yuan per wet metric tonne.Key driversPositive trading atmosphere extended in the physical iron ore markets during the day, while billet price in northern China's steel hub of Tangshan ticked up by another 20 yuan ($2.90) per tonne.A number of mainstream 62% Fe seaborne iron ore cargoes changed hands on platforms or via...