Seaborne iron ore prices softened further on Wednesday September 18 amid a roller-coaster ride in the futures market.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.42 per tonne, down by $0.75 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $96.81 per tonne, down by $0.75 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.43 per tonne, down by $1.70 per tonne.58% Fe fines high-premium, cfr Qingdao: $85.05 per tonne, up by $0.49 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $103 per tonne, down by $0.90 per tonne.62% Fe fines, fot Qingdao: 776 yuan per wet metric tonne (implied 62% Fe China Port Price, $100.89 per dry tonne), up by 2 yuan per wmt.Key driversChina's iron ore and steel futures started to rise sharply in trading around 11am local time on Wednesday, peaking after 2pm, but followed by an even...