Seaborne iron ore prices saw little change on Monday February 18, due to a lack of trading activity in the physical cargoes market, while low-alumina fines prices increased.
MB 62% Fe Iron Ore Index: $88.32 per tonne cfr Qingdao, up $0.16 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.71 per tonne cfr Qingdao, up $0.16 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $90.07 per tonne cfr Qingdao, up $1.11 per tonne. MB 58% Fe Premium Index: $81.15 per tonne cfr Qingdao, down $0.03 per tonne. MB 65% Fe Iron Ore Index: $100.80 per tonne cfr Qingdao, up $0.30 per tonne. MB 62% Fe China Port Price Index: 658 yuan per wet metric tonne (implied 62% Fe China Port Price $86.73 per dry tonne), up 2 yuan per wet metric tonne. Key driversChina's iron ore futures saw a slight uptick during the day, while the rebar contract stayed rangebound and the hot-rolled coil contract had a slightly stronger showing.Trading activity was limited throughout the day in...