IRON ORE DAILY: Prices plunge toward $80 per tonne

Seaborne iron ore prices dived further on Wednesday August 21, falling to a level last seen just after Vale’s tailings dam accident in Brazil late in January.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $82.38 per tonne, down by $5.56 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $82.76 per tonne, down by $5.56 per tonne. Fastmarkets’ index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $80.57 per tonne, down by $7.22 per tonne. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $71.42 per tonne, down by $4.86 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $91.60 per tonne, down by $4.40 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 711 yuan per wet metric tonne (implied 62% Fe China Port Price $92.52 per dry tonne), down 14 yuan per wmt. Key drivers China’s steel and iron ore futures extended their losses on Tuesday night and Wednesday morning, although the steel contracts rebounded in the afternoon...

Published

July Zhang

August 21, 2019

13:23 GMT

Shanghai