The seaborne iron ore market remained inactive on Thursday August 2 with plenty of offers heard that did not culminate in transactions, with buyers exercising caution.
Metal Bulletin 62% Fe Iron Ore Index: $66.87 per tonne cfr Qingdao, up by $0.32 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.08 per tonne cfr Qingdao, up by $0.32 per tonne.Metal Bulletin 58% Fe Premium Index: $54.45 per tonne cfr Qingdao, down by $0.17 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $93.30 per tonne cfr Qingdao, down by $0.10 per tonne.Metal Bulletin 62% Fe China Port Price Index: 482 yuan per wet metric tonne (implied 62% Fe China Port Price $61.79 per dry tonne), down by 4 yuan per wmt.Key driversChina's steel and iron ore futures were rangebound in negative territory during the day.Trading in the seaborne iron ore...