Iron ore prices largely continued to soften on Wednesday February 13 with no further supply disruptions from Brazil confirmed, but two cargoes of Brazilian Blend fines (BRBF) traded at stronger levels.
MB 62% Fe Iron Ore Index: $87.22 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.06 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.64 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium Index: $81.72 per tonne cfr Qingdao, down $0.16 per tonne. MB 65% Fe Iron Ore Index: $99.50 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe China Port Price Index: 659 yuan per wet metric tonne (implied 62% Fe China Port Price $86.97 per dry tonne), down 29 yuan per wet metric tonne.Key driversTalks about the market repercussions of Vale's dam accident late last month have continued among Chinese participants, but no further disruption has emerged and uncertainty remains.Bullish factors related to Brazilian supply issues...