Trading activity in the physical iron ore market slowed down amid rangebound prices on Thursday June 7, in spite of increases in the downstream steel segment.
Metal Bulletin 62% Fe Iron Ore Index: $66.84 per tonne cfr Qingdao, up by $0.28 per tonneMetal Bulletin 58% Fe Premium Index: $54.06 per tonne cfr Qingdao, up by $0.51 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.60 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe China Port Price Index: 476 yuan per wet tonne (implied 62% Fe China Port Price $65.22 per dry tonne), up by 2 yuan per wet tonne Key driversChina's steel and iron ore futures rose early in the morning before retreating in the later...