Prices for Australian iron ore fines softened further on Thursday July 5 with the benchmark product of Pilbara Blend fines being offered at bigger discounts.
Metal Bulletin 62% Fe Iron Ore Index: $63.14 per tonne cfr Qingdao, down $1.06 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $61.91 per tonne cfr Qingdao, down $1.06 per tonneMetal Bulletin 58% Fe Premium Index: $51.55 per tonne cfr Qingdao, down $0.11 per tonneMetal Bulletin 65% Fe Iron Ore Index: $91.60 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe China Port Price Index: 463 yuan per wet metric tonne (implied 62% Fe China Port Price $61.07 per dry tonne), down 5 yuan per wmtKey driversChina's iron ore futures have continued to weaken since Wednesday night, while the August iron ore swaps contract on the Singapore Exchange also retreated by over $1 per tonne to $62.90 per tonne cfr as at 6.30pm...