Iron ore physical prices rose on Wednesday June 2, while low-grade fines increased on buying interest from Chinese steel mills, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $209.19 per tonne, up $0.52 per tonne
62% Fe low-alumina fines, cfr Qingdao: $211.50 per tonne, up $0.46 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $182.30 per tonne, up $1.30 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $240.00 per tonne, up $0.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4850 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 1,447 yuan per wet metric tonne (
implied 62% Fe China Port Price: $212.69 per dry tonne), up by 16 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated around the same level as the previous day's close on Wednesday before ending the day down by...