Seaborne iron ore prices fell on Thursday June 18 after Vale announced the gradual resumption of operations at its Itabira complex in southern Brazil.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $102.40 per tonne, down $1.69 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $105.17 per tonne, down $1.26 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $92.78 per tonne, unchanged.
65% Fe Brazil-origin fines, cfr Qingdao: $115.20 per tonne, down $0.50 per tonne.
62% Fe fines, fot Qingdao: 802 yuan per wet metric tonne (
implied 62% Fe China Port Price: $104.44 per dry tonne), unchanged.
Key drivers
Vale said on Thursday June 18 that it had been given permission to resume operations at Itabira by the Sub-Secretariat for Labor Inspection in...