Grange's Iron ore pellets at A$427/tonne, page-2

Whilst prices of lower grades of iron ore have dropped, the price of iron ore pellets have gone up, as noted from the widening margins between grades.
The margin gap between grades have reach a record high.
The iron ore pellet price is almost double the price of 58% fines.
In Australian dollar terms Grange's pellet price has never been higher.
Iron ore pellet price AUD$427.00/tonne


China faces flareups in bid to tame the commodities boom

“We do not think the rally is over,” Citigroup analysts including Tracy Liao said in an emailed note on June 17.
Beijing’s measures “target managing expectations and deterring speculators rather than solving supply/demand imbalances.”
With inventories low, it’s likely that investors will buy into prices declines, reigniting the rally in coming months, the bank said.
Iron ore’s had some wild weeks as Beijing’s push to calm steel prices mixes with rampant demand, patches of supply curbs, and a recovering global industry.
Chinese prices for steel rebar used in construction are down about 18 per cent from their May peak, but are still far above long-term averages. Iron ore, though is only about 10 per cent below its May record high.
While Chinese demand might moderate in the second half, and that’s not a given, unprecedented stimulus elsewhere in the world might pump up demand for steel and other building materials. And, Beijing is trying to bring down prices even as it trumpets a desire to reduce output, a policy which, if effected, works in the opposite direction.