Seaborne iron ore prices continued to retreat on Tuesday August 6 with sellers still more pressured than buyers to complete deals.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $97.55 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $96.05 per tonne, down $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $98.32 per tonne, down $2.51 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $86.84 per tonne, down $2.04 per tonne. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $106.70 per tonne, down $3.80 per tonne. Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 803 yuan per wet metric tonne (implied 62% Fe China Port Price $105.75 per dry tonne), down 29 yuan per wet metric tonne. Key drivers China's September iron ore futures contract and October steel contracts extended losses during the day,...