Seaborne iron ore prices were rangebound on Monday November 18, as market participants awaited the official announcement for the winter heating season restrictions in China.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.77 per tonne, up $0.73 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.80 per tonne, up $0.73 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.20 per tonne, up $0.75 per tonne.58% Fe fines high-premium, cfr Qingdao: $74.65 per tonne, down $0.26 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $96.80 per tonne, down $0.10 per tonne. 62% Fe fines, fot Qingdao: 641 yuan per wet metric tonne (implied 62% Fe China Port Price, $83.66 per dry tonne), down 1 yuan per wet metric tonne.Key driversThe official announcement on the winter heating season curbs on production is yet to be made, prompting most market participants to stay conservative.But some industry sources were optimistic that iron ore fines prices would garner some support and see a slight increase as steel mills face some tightness in...