IRON ORE DAILY: Better sentiment, rising coal costs push iron ore prices upward
Iron ore prices rose on Wednesday June 23 amid improved sentiment because of the possible easing of blast furnace restrictions in China’s Tangshan province and the sharp rise in coal prices, sources said.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $251.80 per tonne, up by $2.60 per tonne + pellet premium
Custeel
65% fines US$252/tonne + pellet premium US$69/t = pellet price US$321.00/tonne
AUD$424/tonne
Grange's Iron ore pellets at A$427/tonne, page-43
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