IRON ORE DAILY: Prices edge up, negative news weighs on market
Iron ore prices largely edged up on Tuesday July 6 following the steel price increase, while market chatter on the crude steel production cut and authorities’ focus on curbing the commodity price surge weighed on the market, sources told Fastmarkets.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $254.90 per tonne, down $0.60 per tonne
Custeel
65% Fe fines US$252/tonne pellet premium US$75.50/tonne
Pellet price US$327.50/tonne AUD $436.90/tonne
Grange's Iron ore pellets at A$427/tonne, page-144
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