IRON ORE DAILY: Prices weaken further amid steel losses

Physical iron ore prices continued to slide on Friday September 20 amid further losses in the steel markets.

Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.56 per tonne, down $0.67 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $92.95 per tonne, down $0.67 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $90.78 per tonne, down $0.69 per tonne. 58% Fe fines high-premium, cfr Qingdao: $80.36 per tonne, down $1.17 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $99 per tonne, down $0.90 per tonne. 62% Fe fines, fot Qingdao: 760 yuan per wet metric tonne (implied 62% Fe China Port Price, $98.69 per dry tonne), down 3 yuan per wmt. Key drivers China’s steel futures stayed in the negative territory on Thursday night and on Friday, while the spot rebar and hot-rolled coil prices in the country also fell 20-60 yuan per tonne on Friday. Spot iron ore trading at Chinese ports cooled...

Published

July Zhang

September 20, 2019

13:20 GMT

Shanghai