Seaborne iron ore prices increased moderately on Wednesday January 16 amid active offering on platforms.
MB 62% Fe Iron Ore Index: $74.31 per tonne cfr Qingdao, up $0.53 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.45 per tonne cfr Qingdao, up $0.53 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $76.05 per tonne cfr Qingdao, up $0.55 per tonne. MB 58% Fe Premium Index: $65.74 per tonne cfr Qingdao, up $0.15 per tonne. MB 65% Fe Iron Ore Index: $88.10 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 566 yuan per wet metric tonne (implied 62% Fe China Port Price $74.17 per dry tonne), down 3 yuan per wet metric tonne.Key driversQuite a number of 62% and 65% Fe seaborne iron ore cargoes were offered on platforms or via tender during the day, both at fixed prices and against indices. Two fixed-price deals closed at stronger levels late in the afternoon, following a pickup in...