Seaborne iron ore prices made gains on Monday November 16 amid support from positive data for steel reinforcing bar (rebar), which had increased sales in the spot market, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.07 per tonne, up $1.70 per tonne
62% Fe low-alumina fines, cfr Qingdao: $124.35 per tonne, up $1.25 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $114.58 per tonne, up $1.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $137.00 per tonne, up $2.40 per tonne
62% Fe fines, fot Qingdao: 887 yuan per wet metric tonne (
implied 62% Fe China Port Price: $124.38 per dry tonne), down by 2 yuan per wmt
Key drivers
The most-traded January contract in the Chinese iron ore...