IRON ORE DAILY: Seaborne prices tumble amid restrictions in north China

Seaborne iron ore prices fell across the board on Monday July 22, amid environmental restrictions imposed on steelmakers in north China.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $118.33 per tonne, down $3.46 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $118.25 per tonne, down $3.46 per tonne. Fastmarkets’ index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $119.33 per dry metric tonne, down $3.48 per dmt. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $107.49 per tonne, down $1.93 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $126.80 per tonne, down $2.40 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 893 yuan per wet metric tonne (implied 62% Fe China Port Price $120.22 per dry tonne), down 3 yuan per wmt. Key drivers Market players were cautious on Monday, with buying interest still limited by looming...

Published

July Zhang

Alex Theo

July 22, 2019

13:09 GMT

Singapore, Shanghai