According to foreign sources, seaborne iron ore price movements were highly volatile on Wednesday, November 17th, excluding the medium and high grade fine iron ore segments, which followed stronger trading prices on a trading platform.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.08 per tonne, up $1.04 per ton
62% Fe low alumina fines, cfr Qingdao: $91.30 per tonne, up $0.30 per ton
58% Fe fines premium premium, cfr Qingdao: $63.31 per tonne, up $0.24 per ton
65% Fe Brazilian fines, cfr Qingdao: $105.90/tonne, up $1.40 per ton
62% Fe fines for Qingdao: 608 yuan per wet metric ton (62% Fe China Port Price implied: $86.86 per dry ton), decrease of 6 yuan per wmt
The top-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) remained largely flat, easing 0.4% from Tuesday's closing price of 540.50 yuan ($85) per ton.
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