Singapore—Seaborne iron ore prices remained largely rangebound Oct. 19 on thinner trading activity. S&P Global Platts assessed the 62% Fe Iron Ore Index at $119.40/ dry mt CFR North China on Oct. 19, up 35 cents from Oct. 16. Front-month November 62% Fe derivatives were up 50 cents from Oct. 16 at $115.45/dmt. Market sources said buying interest for mainstream medium grade fines was thinning on expectations of an oversupply of Novemberloading cargoes. There are already a number of November-loading spot cargoes of Pilbara Blend Fines from earlier strip tenders and more spot cargoes are expected to be offered at current iron ore price levels, a Chinese trader said.
展开▼
