Seaborne iron ore prices weakened on Friday November 30 with market participants remaining cautious in their trading activity.
MB 62% Fe Iron Ore Index: $65.95 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.22 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $68.76 per tonne cfr Qingdao, down by $0.54 per tonne.MB 58% Fe Premium Index: $57.59 per tonne cfr Qingdao, down by $0.84 per tonne.MB 65% Fe Iron Ore Index: $82.30 per tonne cfr Qingdao, down by $0.10 per tonne.MB 62% Fe China Port Price Index: 528 yuan per wet metric tonne (implied 62% Fe China Port Price $67.02 per dry tonne), up by 4 yuan per wmt.Key driversChina's steel futures largely trended downward during the day, and the spot billet price in Tangshan also fell by 40 yuan ($5.77) per tonne late in the afternoon.The benchmark January iron ore futures contract rose from...