Seaborne iron ore prices were up on Friday November 6 amid strong demand for steel reinforcing bar (rebar) in China, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $117.80 per tonne, up $0.85 per tonne
62% Fe low-alumina fines, cfr Qingdao: $118.03 per tonne, up $0.95 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $108.75 per tonne, up $1.07 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $130.00 per tonne, up $0.90 per tonne
62% Fe fines, fot Qingdao: 867 yuan per wet metric tonne (
implied 62% Fe China Port Price: $121.15 per dry tonne), up by 1 yuan per wmt
Key drivers
On Friday, the most-traded January contract...