Australian iron ore lump prices continued to rise on Tuesday July 3, while fines prices stayed rangebound.
Metal Bulletin 62% Fe Iron Ore Index: $64.55 per tonne cfr Qingdao, up $0.01 per tonne Metal Bulletin 58% Fe Premium Index: $51.95 per tonne cfr Qingdao, up $0.03 per tonne Metal Bulletin 65% Fe Iron Ore Index: $91.50 per tonne cfr Qingdao, down $0.10 per tonne Metal Bulletin 62% Fe China Port Price Index: 470 yuan per wet metric tonne (implied 62% Fe China Port Price $61.92 per dry tonne), up 4 yuan per wmt Metal Bulletin 63% Fe Australian Lump Premium: $0.3400 per dry metric tonne unit, up $0.0200 per dmtuKey driversChina's ferrous futures fluctuated largely in negative territory during the day, while the spot rebar and hot-rolled coil prices also shed 10-40 yuan ($1.50-6) per tonne.While two seaborne cargoes of Pilbara Blend (PB) fines were traded...