Seaborne iron ore prices rebounded on Monday July 8, with supply tightness a lingering concern for most market participants.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $118.38 per tonne, up $3.57 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $118.30 per tonne, up $4.24 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $119.09 per tonne, up $1.60 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-premium, cfr Qingdao: $108.46 per tonne, down $1.43 per tonne. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $127.90 per tonne, up $0.60 per tonne.Fastmarkets' index for iron ore 62% Fe fines. Fot Qingdao: 882 yuan per wet metric tonne (implied 62% Fe China Port Price $118.39 per dry tonne), up 4 yuan per wmt. Key driversConcerns over iron ore supplies in the market were the main reason for a rebound after Friday's downturn.Seaborne prices had plunged due to sentiment being weighed down...