IRON ORE DAILY: Soft sentiment, rising port stocks weaken seaborne prices
Iron ore prices fell on Tuesday July 27 because of weaker sentiment and rising port inventory, sources said.
Metal bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $235.10 per tonne, down by $1.90 per tonne
Custeel
65% IO fines US$ 235.20/t pellet premium US$61.80/tonne
Pellet price US$297/tonne AUD$403.20/tonne
Grange's Iron ore pellets at A$427/tonne, page-294
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