Seaborne iron ore prices in the mid-grade section of the market edged up on Tuesday June 2 amid active physical spot-market trading.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $101.32 per tonne, up by $0.87 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $104.13 per tonne, up by $0.24 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $91.59 per tonne, down by $0.34 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $114.70 per tonne, down by $0.30 per tonne.
62% Fe fines, fot Qingdao: 787 yuan per wet metric tonne (
implied 62% Fe China Port Price: $101.80 per dry tonne), up by 3 yuan per wmt.
Key drivers
The spot market saw active trading on Tuesday with four Australia-origin cargoes changing hands, supporting the slight upward trend in some indices.