Seaborne iron ore prices were steady on Friday June 28, with only minimal price moves compared with Thursday's activity, but interest in the Singapore Exchange's (SGX) 65% Fe iron ore derivative contract remained strong.
By 6:30pm Singapore time, 205,000 tonnes had been traded and cleared on the contract, according to SGX data. This compares with 143,000 tonnes traded the previous day.MB 62% Fe Iron Ore Index: $118.47 per tonne cfr Qingdao, up $0.45 per tonne. MB 62% Fe Pilbara Blend Fines Index: $116.51 per tonne cfr Qingdao, up $0.45 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $119.64 per tonne cfr Qingdao, up $0.67 per tonne. MB 58% Fe Premium Index: $109.11 per tonne cfr Qingdao, up $1.03 per tonne. MB 65% Fe Iron Ore Index: $128.10 per tonne cfr Qingdao, up $0.60 per tonne.MB 62% Fe China Port Price Index: 864 yuan per wet metric tonne (implied 62% Fe China Port Price $116.15 per dry tonne), up 4 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3950 per dry metric tonne unit, up $0.0350 per dmtu.Key driversTrading activity was limited in the physical...