IRON ORE DAILY: Seaborne prices dip on expectations of stricter winter steel production cuts

Seaborne iron ore prices fell below $70 per tonne cfr China on Tuesday December 18 amid expectations of more stringent implementation of steelmaking restrictions in China.

MB 62% Fe Iron Ore Index: $69.03 per tonne cfr Qingdao, down $1.44 per tonne.
MB 62% Fe Pilbara Blend Fines Index: $68.83 per tonne cfr Qingdao, down $1.44 per tonne.
MB 62% Fe Iron Ore Index-Low Alumina: $71.58 per tonne cfr Qingdao, down $0.46 per tonne.
MB 58% Fe Premium Index: $61.87 per tonne cfr Qingdao, down $1.80 per tonne.
MB 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged.
MB 62% Fe China Port Price Index: 545 yuan per wet metric tonne (implied 62% Fe China Port Price $69.79 per dry tonne), down 2 yuan per wmt.
Key drivers

Steelmaking production restrictions set for the winter heating season in north China, which had not been very strictly implemented in the past month, could...

Published

July Zhang

December 18, 2018

13:30 GMT

Shanghai