Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao
: $99.43 per tonne, down $0.42 per tonne.
62% Fe low-alumina fines, cfr Qingdao
: $102.55 per tonne, up $0.10 per tonne.
58% Fe fines high-grade premium, cfr Qingdao
: $90.30 per tonne, up $0.49 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao
: $112.40 per tonne, up $0.40 per tonne.
62% Fe fines, fot Qingdao
: 794 yuan per wet metric tonne (implied 62% Fe China Port Price
: $103.51 per dry tonne), up by 3 yuan per wmt.
According to the National Bureau of Statistics of China, the purchasing managers’ index (PMI) for the manufacturing sector in June stood at 50.9%, up by 0.3% compared to May.
The PMI, which had stayed above 50% for four months, indicates good expansion in manufacturing and improved market sentiment around trading, sources said.