The seaborne iron ore market showed signs of slowing down on Wednesday August 1, with confidence in the ferrous market being overshadowed by a likely push by the central Chinese government to avoid a pricing bubble in the country's real estate market.
Metal Bulletin 62% Fe Iron Ore Index: $66.55 per tonne cfr Qingdao, down by $1.64 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $65.76 per tonne cfr Qingdao, down by $1.41 per tonne.Metal Bulletin 58% Fe Premium Index: $54.62 per tonne cfr Qingdao, down by $0.59 per tonne.Metal Bulletin 65% Fe Iron Ore Index: $93.40 per tonne cfr Qingdao, down by $0.70 per tonne.Metal Bulletin 62% Fe China Port Price Index: 486 yuan per wet metric tonne (implied 62% Fe China Port Price $62.73 per dry tonne), down by 6 yuan per wmt.Metal Bulletin 63% Fe Australian Lump Premium: $0.3050 per dry metric tonne unit, up by $0.0500 per dmtu.Key drivers The Political Bureau of the Chinese Communist Party's Central...