Seaborne iron ore prices fell on Thursday July 4, while futures prices on the Dalian Commodity Exchange plunged after hitting a five-year high earlier this week.
MB 62% Fe Iron Ore Index: $122.03 per tonne cfr Qingdao, down $2.72 per tonne. MB 62% Fe Pilbara Blend Fines Index: $122.03 per tonne cfr Qingdao, up $2.72 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $124 per tonne cfr Qingdao, down $1.83 per tonne. MB 58% Fe Premium Index: $116.23 per tonne cfr Qingdao, up $1.37 per tonne. MB 65% Fe Iron Ore Index: $130.80 per tonne cfr Qingdao, down $1.80 per tonne.MB 62% Fe China Port Price Index: 895 yuan per wet metric tonne (implied 62% Fe China Port Price $120.48 per dry tonne), down 13 yuan per wmt. Key driversFutures on the Dalian Commodity Exchange dropped to 868 yuan per tonne (equivalent to $126 per tonne) at the...