Seaborne iron ore fines traded at higher prices on Tuesday July 31 while a lump cargo changed hands at a weaker price, Metal Bulletin was told.
Metal Bulletin 62% Fe Iron Ore Index: $68.19 per tonne cfr Qingdao, up by $0.54 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.17 per tonne cfr Qingdao, up by $0.59 per tonne.Metal Bulletin 58% Fe Premium Index: $55.21 per tonne cfr Qingdao, up by $0.06 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $94.10 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe China Port Price Index: 492 yuan per wet metric tonne (implied 62% Fe China Port Price $63.20 per dry tonne), down by 1 yuan per wmt.Metal Bulletin 63% Fe Australian Lump Premium: $0.2550 per dry metric tonne unit, down by $0.0600 per dmtu.Key driversChina's steel futures continued to strengthen during the day while the iron ore contracts were largely rangebound.As a result, spot transaction prices for...