Physical iron ore prices edged up in the seaborne market while increases at Chinese ports were more pronounced on Wednesday June 6, amid gains in China's steel and futures markets.
Metal Bulletin 62% Fe Iron Ore Index: $66.56 per tonne cfr Qingdao, up by $0.22 per tonneMetal Bulletin 58% Fe Premium Index: $53.55 per tonne cfr Qingdao, up by $0.04 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.60 per tonne cfr Qingdao, up by $0.60 per tonneMetal Bulletin 62% Fe China Port Price Index: 474 yuan per wet tonne (implied 62% Fe China Port Price $65 per dry tonne), up by 5 yuan per wet tonne Key driversChina's ferrous futures largely trended upward during Tuesday night's trading session before experiencing some correction...