Seaborne iron ore lump premiums fell on Tuesday July 16, because cheaper alternatives were available at Chinese ports, market participants told Fastmarkets.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $122.15 per tonne, up $0.74 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $122.07 per tonne, up $0.74 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $123.85 per tonne, up $0.68 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $112.01 per tonne, down $0.36 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $129.30 per tonne, up $0.80 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 910 yuan per wet metric tonne (implied 62% Fe China Port Price $122.57 per dry tonne), up 15 yuan per wmt. Fastmarkets' index for iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2850 per dry metric tonne unit, down $0.1300 per dmtu.Key driversThe premium for seaborne iron ore...