Seaborne iron ore prices moved up slightly but overall market sentiment remains weak, sources told Fastmarkets on Tuesday November 16.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.04 per tonne, up $0.99 per tonne
62% Fe low-alumina fines, cfr Qingdao: $91.00 per tonne, up $0.74 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $63.07 per tonne, up $1.08 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $104.50 per tonne, up $0.40 per tonne
62% Fe fines, fot Qingdao: 614 yuan per wet metric tonne (
implied 62% Fe China Port Price: $87.78 per dry tonne), up by 1 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian...