Seaborne iron ore pellet, concentrate prices edge up amid fresh production curbs in China
IRON ORE DAILY: Prices reverse downtrend on easing of restrictions in Tangshan
Iron ore prices were up on Monday July 5 with market sentiment improving because of the easing of restrictions in China’s steelmaking hub of Tangshan, sources told Fastmarkets.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $255.50 per tonne, up by $3.90 per tonne
Custeel
65% Fe fines up another US$4.00/t to US$252.30/tonne pellet premium US$75.50/t
Pellet price US$327.80/tonne AUD$434.34/tonne
The margin between 58% grade vs. pellets has just hit another new record high of US$169.30/tonne
Grange's Iron ore pellets at A$427/tonne, page-141
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