Seaborne iron ore prices were rangebound on Thursday October 29 amid market participants adopting a wait-and-see stance, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $116.00 per tonne, down $0.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $116.84 per tonne, down $0.26 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $108.57 per tonne, down $0.18 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $129.70 per tonne, down $0.60 per tonne
62% Fe fines, fot Qingdao: 879 yuan per wet metric tonne (
implied 62% Fe China Port Price: $121.04 per dry tonne),up by 8 yuan per wmt
Key drivers
The most-traded January contract in the Chinese iron ore futures market on the Dalian Commodity Exchange (DCE) eased by around 0.8% from the close price on Wednesday.
On...