Iron ore prices were rangebound on Thursday February 11 due to limited market activity while China begins its week-long Chinese New Year holiday, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $166.88 per tonne, down $0.02 per tonne
62% Fe low-alumina fines, cfr Qingdao: $167.25 per tonne, unchanged
58% Fe fines high-grade premium, cfr Qingdao: $152.66 per tonne, up $0.64 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $190.20 per tonne, down $0.30 per tonne
62% Fe fines, fot Qingdao: 1,140 yuan per wet metric tonne (implied 62% Fe China Port Price: $164.81 per dry tonne), unchanged
Key drivers
Spot...