Physical iron ore prices for mainstream 62% Fe Australian fines saw modest gains on Monday July 9 following paper market increases.
Metal Bulletin 62% Fe Iron Ore Index: $63.92 per tonne cfr Qingdao, up $0.08 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.61 per tonne cfr Qingdao, up $0.39 per tonneMetal Bulletin 58% Fe Premium Index: $51.43 per tonne cfr Qingdao, down $0.09 per tonneMetal Bulletin 65% Fe Iron Ore Index: $91.30 per tonne cfr Qingdao, down $0.20 per tonneMetal Bulletin 62% Fe China Port Price Index: 468 yuan per wet metric tonne (implied 62% Fe China Port Price $61.95 per dry tonne), up 3 yuan per wmtKey driversChina's ferrous futures largely trended up during the day to end with gains seen across the board.Spot transactions at Chinese ports for Pilbara Blend (PB) fines were reported steady or slightly stronger compared...