IRON ORE DAILY: Mid-grade seaborne iron ore remains below $84/t

摘要

Mid-grade seaborne iron ore prices were rangebound on Wednesday November 6 amid continued uncertainty in the market. China’s benchmark January iron ore futures was largely steady for most of the Wednesday trading session but started to dip at just before 3pm Singapore time, ending around 0.1% lower compared with the previous day’s closing price. The November and December 62% Fe derivative contracts on the Singapore Exchange (SGX) inched up by around $0.10 per tonne and $0.56 per tonne respectively from the previous day’s settlement levels as of 6:30 pm Singapore time.