Iron ore prices remained largely rangebound on Wednesday June 27, though those for high-grade fines and lumps continued to strengthen.
Metal Bulletin 62% Fe Iron Ore Index: $64.60 per tonne cfr Qingdao, down $2.02 per tonneMetal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, down $0.28 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.60 per tonne cfr Qingdao, up $0.20 per tonneMetal Bulletin 62% Fe China Port Price Index: 462 yuan per wet tonne (implied 62% Fe China Port Price $61.24 per dry tonne), up 1 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.2800 per dry metric tonne unit, up $0.0150 per dry metric tonne unit Key driversChina's rebar and iron ore futures largely trended downward during the day, while spot prices for the long steel product also dipped 10-20 yuan ($1.50-3) per tonne during the day.Two tenders for seaborne...