Seaborne iron ore prices were down slightly on Thursday November 12 amid diminishing demand for steel reinforcing bar (rebar), sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $123.74 per tonne, down $0.82 per tonne
62% Fe low-alumina fines, cfr Qingdao: $123.74 per tonne, down $1.26 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $114.41 per tonne, down $1 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $135.00 per tonne, down $1 per tonne
62% Fe fines, fot Qingdao: 895 yuan per wet metric tonne (
implied 62% Fe China Port Price: $125.19 per dry tonne), unchanged
Key drivers
The most-traded January contract in the Chinese iron ore futures market on the Dalian Commodity Exchange (DCE) eased around...