Seaborne iron ore prices rose slightly on Friday October 25 afterenvironmental restrictions in Tangshan were lifted, which could spur some iron ore demand.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.98 per tonne, up $0.64 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.80 per tonne, up $0.64 per tonne.62% Fe low-alumina fines, cfr Qingdao: $86.65 per tonne, up $0.69 per tonne.58% Fe fines high-premium, cfr Qingdao: $77.97 per tonne, up $0.83 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $96.50 per tonne, up $0.80 per tonne. 62% Fe fines, fot Qingdao: 691 yuan per wet metric tonne (implied 62% Fe China Port Price, $89.69 per dry tonne), up 6 yuan per wet metric tonne.Key driversChinese benchmark January iron ore futures were rangebound for most of the Friday trading session, but an uptick occurred at the end of the trading window, with the January contract ending about 1% higher compared with the previous day's settled price.The November 62% Fe contract Singapore Exchange traded around $1.20 per tonne higher than the previous day.A Singapore-based futures analyst believes that the lift...