Higher prices limit seaborne iron ore concentrates, pellet transactions

Seaborne iron ore concentrates and pellet transactions were limited in the week to Friday June 5 after prices surged in the wake of higher iron ore fines values.

Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $112.63 per tonne on June 5, up $6.31 per tonne from $106.32 per tonne a week earlier.
Whereas the weekly average of the Fastmarkets' index for 65% Fe Brazil-origin fines, cfr Qingdao, was at $114.24 per tonne for the week to June 5, up by $2.16, or 1.9%, from the previous weekly average of $112.08 per tonne.

Some traders said that, despite the iron ore concentrates still trading at discount...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps