IRON ORE DAILY: Seaborne prices drop further below $90 per tonne

Seaborne iron ore prices continued to retreat on Tuesday August 13 below the $90-per-tonne-cfr mark.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $89.25 per tonne, down $4.87 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $87.75 per tonne, down $4.87 per tonne. Fastmarkets’ index for iron ore 62% Fe low alumina fines, cfr Qingdao: $89.52 per tonne, down $5.26 per tonne. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $77.53 per tonne, down $6.58 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $97.50 per tonne, down $4.10 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 725 yuan per wet metric tonne (implied 62% Fe China Port Price $94.34 per dry tonne), down 48 yuan per wet metric tonne. Key drivers China’s iron ore futures extended losses last Friday and on Monday morning, and although there was a sharp rebound on...

Published

July Zhang

August 13, 2019

13:35 GMT

Shanghai