Iron ore prices remained rangebound on Tuesday June 26, with the sudden depreciation in the yuan's value against the US dollar causing some jitters in the market.
Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up $1.13 per tonneMetal Bulletin 58% Fe Premium Index: $52.77 per tonne cfr Qingdao, down $0.29 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.40 per tonne cfr Qingdao, up $0.80 per tonneMetal Bulletin 62% Fe China Port Price Index: 461 yuan per wet tonne (implied 62% Fe China Port Price $61.33 per dry tonne), down 6 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.2650 per dry metric tonne unit, up $0.0100 per dry metric tonne unit Key driversChina's ferrous futures dipped across the board with iron ore losing the least. The benchmark iron ore contract ended 0.4% lower than the settlement level a day earlier.A miner closed a seaborne tender...