Seaborne iron ore prices were rangebound on Friday February 21 with market participants retreating to the sidelines, though trading activity at Chinese ports remained robust.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $92.25 per tonne, up $0.24 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $91.58 per tonne, up $0.24 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.16 per tonne, unchanged.
58% Fe fines high-premium, cfr Qingdao: $79.74 per tonne, up $0.66 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $105.90 per tonne, down $0.10 per tonne.
62% Fe fines, fot Qingdao: 673 yuan per wet metric tonne (implied
62% Fe China Port Price: $87.87 per dry tonne), up 8 yuan per wet metric tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2700 per dry metric tonne unit, up $0.0100 per dry metric tonne unit.
Key drivers
Market...