It’s predicted that the average prices of Australian iron ore contain 62% Fe would be US$126/ton FOB in the third quarter of this year, falling by around 8% in comparison of US$137/ton in the second quarter.

The spot prices of Australian iron ore averaged at around US$135~US$139/ton during March and May. However, it slumped to US$110/ton in May.

Meanwhile, the iron ore stocks at the Chinese main ports have decreased to 700,000 tons recently.