Seaborne iron ore prices stayed rangebound around $90 per tonne cfr on Thursday September 5 after holding above that mark earlier in the week, while increased trading activity was heard for Brazilian Blend fines (BRBF).
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.18 per tonne, down by $1.14 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.57 per tonne, down by $1.14 per tonne.62% Fe low-alumina fines, cfr Qingdao: $87.87 per tonne, down by $1.23 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $80.87 per tonne, up by $0.45 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $96.60 per tonne, down by $0.60 per tonne.62% Fe fines, fot Qingdao: 764 yuan per wet metric tonne (implied 62% Fe China Port Price, $98.35 per dry tonne), up by 14 yuan per wmt.Key driversChina's iron ore futures largely continued their strong performance from Wednesday night, but prices sank back by as much as $1.50 per tonne in the final 15 minutes before the 3pm close on Thursday.The benchmark January contract still managed to end the day 1.2% higher than Wednesday's settlement level, however.Transaction prices for spot...