Seaborne iron ore prices fell slightly on Wednesday June 10 on scant trading activity, while low-grade Yandi fines from Australia performed well due to uncertainty over supplies of low-alumina brands from Brazil.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $103.93 per tonne, down $0.67 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $106.78 per tonne, down $0.52 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $93.13 per tonne, down $0.26 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $116.80 per tonne, down $1.10 per tonne.
62% Fe fines, fot Qingdao: 803 yuan per wet metric tonne (
implied 62% Fe China Port Price: $104.70 per dry tonne), up 1 yuan per wmt.
Key drivers
The seaborne market was peaceful with little trading activity...