Iron ore prices were generally flat on Wednesday July 7 in the physical market with limited liquidity, while futures prices were driven up by bullish steel prices, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $222.39 per tonne, up $0.03 per tonne
62% Fe low-alumina fines, cfr Qingdao: $225.70 per tonne,down $0.32 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $185.69 per tonne,down $0.07 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $254.70 per tonne,down $0.20 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.6800 per dry metric tonne unit (dmtu), down $0.0300 per dmtu
62% Fe fines, fot Qingdao: 1,531 yuan per wet metric tonne (implied
62% Fe China Port Price: $222.04 per dry tonne), up by 9 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased in the morning trading session but rebounded back...