Iron ore prices weakened on Thursday November 15, marking the start of the winter heating season in north China and the accompanying steelmaking restrictions.
MB 62% Fe Iron Ore Index: $74.93 per tonne cfr Qingdao, down $0.98 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.73 per tonne cfr Qingdao, down $0.98 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $77.97 per tonne cfr Qingdao, down $0.28 per tonne.MB 58% Fe Premium Index: $64.73 per tonne cfr Qingdao, up by $0.02 per tonne.MB 65% Fe Iron Ore Index: $94.70 per tonne cfr Qingdao, up by $0.30 per tonne.MB 62% Fe China Port Price Index: 580 yuan per wet metric tonne (implied 62% Fe China Port Price $74 per dry tonne), down by 4 yuan per wmt.Key driversWeaker transaction prices were reported for mainstream 62% Fe Australian fines at Chinese ports during the day amid limited trading activity, with mills cautious about buying due to...