The seaborne iron ore prices have stayed rangebound on Thursday December 5, while demand for iron ore lump has started to improve.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $88.65 per tonne, down $0.41 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $87.74 per tonne, down $0.41 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $88.25 per tonne, down $0.38 per tonne.
58% Fe fines high-premium, cfr Qingdao: $76.19 per tonne, down $0.36 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $100.50 per tonne, unchanged.
62% Fe fines, fot Qingdao: 667 yuan per wet metric tonne (implied
62% Fe China Port Price, $86.80 per dry tonne), down 1 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2650 per dry metric tonne unit, up $0.0100 per dry metric tonne unit.
Key drivers
The benchmark January iron ore contract on the Dalian Commodity Exchange was...