IRON ORE DAILY: Seaborne prices steady while market awaits China’s weekly port inventory data

摘要

Seaborne iron ore prices were largely unchanged on Thursday June 11, while market participants waited for fresh data on port inventories in China.797 yuan per wet metric tonne (implied 62% Fe China Port Price: $104.11 per dry tonne), down 6 yuan per wmt. Market participants have adopted a wait-and-see stance while awaiting the weekly release of Chinese port inventories from local media outlets on Thursday night, with both the seaborne and the futures markets trading largely sideways as a result.