IRON ORE DAILY: Prices stable despite north China pollution control measures

Iron ore prices in the futures and seaborne markets were relatively stable on Wednesday November 4, despite new restrictions on sintering and blast furnace stoppages, sources told Fastmarkets.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $116.91 per tonne, down $0.18 per tonne
62% Fe low-alumina fines, cfr Qingdao: $117.00 per tonne, down $0.63 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $108.00 per tonne, up $0.23 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $129.10 per tonne, down $0.70 per tonne
62% Fe fines, fot Qingdao: 875 yuan per wet metric tonne (implied 62% Fe China Port Price: $121.28 per dry tonne), down by 3 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) dropped sharply from around 800 yuan per tonne to as low as 784 yuan per tonne in the morning trading session on Wednesday. Then, despite a rebound in the...

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