Prices for iron ore lumps remained strong on Monday July 2 despite a few transactions involving fines being concluded below prevailing levels.
Metal Bulletin 62% Fe Iron Ore Index: $64.54 per tonne cfr Qingdao, down $0.48 per tonne Metal Bulletin 58% Fe Premium Index: $51.92 per tonne cfr Qingdao, up $0.42 per tonne Metal Bulletin 65% Fe Iron Ore Index: $91.60 per tonne cfr Qingdao, down $0.10 per tonne Metal Bulletin 62% Fe China Port Price Index: 466 yuan per wet tonne (implied 62% Fe China Port Price $61.23 per dry tonne), down 4 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.3200 per dry metric tonne unit, unchanged Key driversChina's ferrous futures tanked across the board during the day, with the benchmark iron ore contract shedding 1.9% of its value in comparison with its settlement price last Friday.A miner concluded a tender for a half-Capesize cargo of seaborne Pilbara Blend fines at $0.73...