Seaborne iron ore prices mostly decreased on Monday June 1 after the surge on Friday May 29, with market participants waiting for a clear trend.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $100.45 per tonne, down $1.94 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $103.89 per tonne, down $1.11 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $91.93 per tonne, up $4.63 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $115 per tonne, dwon $0.30 per tonne.
62% Fe fines, fot Qingdao: 784 yuan per wet metric tonne (implied
62% Fe China Port Price: $101.34 per dry tonne), up 19 yuan per wmt.
Key drivers
The supply of iron ore from Brazil was still unclear while the market holds and awaits more information, sources said.