Seaborne iron ore was trading above $70 per tonne cfr China on Tuesday October 9 amid paper market gains.
Fastmarkets MB 62% Fe Iron Ore Index: $71.14 per tonne cfr Qingdao, up by $1.73 per tonne.Fastmarkets MB 62% Fe Pilbara Blend Fines Index: $70.17 per tonne cfr Qingdao, up by $1.73 per tonne.Fastmarkets MB 62% Fe Iron Ore Index-Low Alumina: $75.19 per tonne cfr Qingdao, up $0.69 per tonne.Fastmarkets MB 58% Fe Premium Index: $58.26 per tonne cfr Qingdao, up by $0.67 per tonne.Fastmarkets MB 65% Fe Iron Ore Index: $97.10 per tonne cfr Qingdao, up by $0.60 per tonne.Fastmarkets MB 62% Fe China Port Price Index: 540 yuan per wet metric tonne (implied 62% Fe China Port Price $68.92 per dry tonne), up 5 yuan per wmt.Key driversChina's ferrous futures continued to advance across the...