Iron ore markets were mixed on Tuesday June 5 with spreads extending between different brands.
Metal Bulletin 62% Fe Iron Ore Index: $66.34 per tonne cfr Qingdao, up by $0.87 per tonneMetal Bulletin 58% Fe Premium Index: $53.51 per tonne cfr Qingdao, unchangedMetal Bulletin 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, up by $0.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 469 yuan per wet tonne (implied 62% Fe China Port Price $64.10 per dry tonne), up by 4 yuan per wet tonneKey driversChina's steel and iron ore futures largely trended up after a brief dip during the morning session, with the benchmark iron ore contract ending the day 1.7% higher than Monday.A miner closed a first seaborne tender for 61% Fe Pilbara Blend fines $0.44 per tonne higher...