IRON ORE DAILY: Prices weaken amid futures losses after DCE raises trading fee

Physical iron ore prices fell backward on Wednesday July 17 amid losses in the futures market, after the Dalian Commodity Exchange (DCE) increased the cost of trading.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $121.27 per tonne, down by $0.88 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $121.19 per tonne, down by $0.88 per tonne. Fastmarkets’ index for iron ore 62% Fe low alumina fines, cfr Qingdao: $122.95 per tonne, down by $0.90 per tonne. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $111.80 per tonne, down by $0.21 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $128.60 per tonne, down by $0.70 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 898 yuan per wet metric tonne (implied 62% Fe China Port Price $120.95 per dry tonne), down by 12 yuan per wmt. Fastmarkets’ index for iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2400 per dry metric tonne unit, down by $0.0450 per dmtu. Key drivers China’s DCE announced,...

Published

July Zhang

Alex Theo

July 17, 2019

17:26 GMT

Shanghai, Singapore