Mainstream iron ore prices stayed rangebound on Thursday June 28 while high-grade lumps and fines were able to fetch higher premiums.
Metal Bulletin 62% Fe Iron Ore Index: $64.44 per tonne cfr Qingdao, down $0.16 per tonneMetal Bulletin 58% Fe Premium Index: $52.02 per tonne cfr Qingdao, down $0.47 per tonneMetal Bulletin 65% Fe Iron Ore Index: $91.10 per tonne cfr Qingdao, up $0.50 per tonneMetal Bulletin 62% Fe China Port Price Index: 465 yuan per wet tonne (implied 62% Fe China Port Price $61.38 per dry tonne), up 3 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.3000 per dry metric tonne unit, up $0.0200 per dry metric tonne unit Key driversChina's steel and iron ore futures posted strong gains on Wednesday night and went on to fluctuate in a narrow range on Thursday.Trading activity for iron ore at Chinese ports was lackluster as well...