Mid- and high-grade iron ore prices trend up, tracking strong transaction prices

Price movements for seaborne iron ore were largely rangebound on Wednesday November 17 except for the mid- and high-grade iron ore fines segments, which tracked the stronger transacted prices on a trading platform, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.08 per tonne, up $1.04 per tonne
62% Fe low-alumina fines, cfr Qingdao: $91.30 per tonne, up $0.30 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $63.31 per tonne, up $0.24 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $105.90 per tonne, up $1.40 per tonne
62% Fe fines, fot Qingdao: 608 yuan per wet metric tonne (implied 62% Fe China Port Price: $86.86 per dry tonne), down by 6 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) remained largely flat, easing by 0.4% from Tuesday's closing price of 540.50 yuan ($85) per tonne.
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