Seaborne iron ore prices retreated below $100 per tonne cfr China on Monday June 3 amid declines in the futures and steel markets.
MB 62% Fe Iron Ore Index: $99.12 per tonne cfr Qingdao, down $2.48 per tonne. MB 62% Fe Pilbara Blend Fines Index: $97.60 per tonne cfr Qingdao, down $2.48 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $102.57 per tonne cfr Qingdao, down $2.96 per tonne. MB 58% Fe Premium Index: $93.17 per tonne cfr Qingdao, down $1.38 per tonne. MB 65% Fe Iron Ore Index: $114.10 per tonne cfr Qingdao, down $3.60 per tonne.MB 62% Fe China Port Price Index: 759 yuan per wet metric tonne (implied 62% Fe China Port Price $101.19 per dry tonne), down 11 yuan per wmt.Key driversChina's ferrous futures dipped further across the board in the first trading...