Seaborne iron ore prices slipped on Thursday June 4, following a big dip in the futures market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $99.24 per tonne, down $1.98 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $102.17 per tonne, down $1.83 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $89.41 per tonne, down $0.14 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $113.50 per tonne, down $1 per tonne.
62% Fe fines, fot Qingdao: 785 yuan per wet metric tonne (
implied 62% Fe China Port Price: $101.73 per dry tonne), down 2 yuan per wet metric tonne.
Key drivers
The Chinese iron ore futures market started off mixed in the Thursday, but took a downturn by the close, ending the...