Trading activity remained lackluster in the iron ore market on Friday June 8 with lower prices reported for Australian fines at Chinese ports, though a seaborne cargo of Brazilian Blend fines was traded above $70 per tonne cfr.
Metal Bulletin 62% Fe Iron Ore Index: $67.44 per tonne cfr Qingdao, up by $0.60 per tonneMetal Bulletin 58% Fe Premium Index: $54.06 per tonne cfr Qingdao, unchangedMetal Bulletin 65% Fe Iron Ore Index: $87.90 per tonne cfr Qingdao, up by $0.30 per tonneMetal Bulletin 62% Fe China Port Price Index: 468 yuan per wet tonne (implied 62% Fe China Port Price $63.98 per dry tonne), down by 8 yuan per wet tonne Key driversChina's steel and iron ore futures recorded moderate losses at the end of the day while the weathervane spot billet price in Tangshan also fell 20 yuan ($3.20) per tonne late...