Seaborne iron ore prices weakened on Monday June 15, while Chinese futures slipped as well, Fastmarkets heard.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $103.44 per tonne, down $1.58 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $106.12 per tonne, down $1.91 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $93.39 per tonne, down $0.87 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $116.60 per tonne, down $1.10 per tonne.
62% Fe fines, fot Qingdao: 800 yuan per wet metric tonne (implied
62% Fe China Port Price: $104.26 per dry tonne), down 1 yuan per wmt.
Key drivers
Chinese iron ore futures declined during the Monday trading session, while market participants believe that...