Seaborne iron ore prices were rangebound on Friday December 21 after a jump on the previous day.
MB 62% Fe Iron Ore Index: $72.24 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.07 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.16 per tonne cfr Qingdao, up $0.19 per tonne. MB 58% Fe Premium Index: $63.93 per tonne cfr Qingdao, up $0.42 per tonne. MB 65% Fe Iron Ore Index: $86.90 per tonne cfr Qingdao, unchanged. MB 62% Fe China Port Price Index: 559 yuan per wet metric tonne (implied 62% Fe China Port Price $71.58 per dry tonne), up 6 yuan per wmt. Key drivers China's steel and iron ore futures extended gains on Thursday night but moderately corrected back on Friday. The billet price in Tangshan rose 50 yuan ($7.30) per tonne in the day. Spot iron ore prices strengthened further at Chinese ports, but trading cooled after the peak a...