Seaborne iron ore trading activity picked up on Wednesday June 20 with bids and trades for Brazilian fines at higher levels.
Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, down $0.96 per tonneMetal Bulletin 58% Fe Premium Index: $53.61 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88.30 per tonne cfr Qingdao, up $1.50 per tonneMetal Bulletin 62% Fe China Port Price Index: 462 yuan per wet tonne (implied 62% Fe China Port Price $62.51 per dry tonne), up 4 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.2300 per dry metric tonne unit, unchanged Key driversChina's ferrous futures market recovered from a slump a day earlier and has largely trended upward since Tuesday night.One miner sold two seaborne cargoes of Pilbara Blend fines at a 62% Fe equivalent of less than $64 per tonne cfr China. While a 95,000-tonne shipment...