IRON ORE DAILY: Seaborne prices buckle as pollution curbs imposed

Seaborne iron ore prices fell across the board on Friday December 20 amid fresh emergency pollution curbs imposed in the steelmaking hub of Tangshan.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.63 per tonne, down $2.14 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $90.72 per tonne, down $2.14 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.46 per tonne, down $2.20 per tonne.
58% Fe fines high-premium, cfr Qingdao: $79.22 per tonne, down $1.73 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.70 per tonne, down $2.80 per tonne.
62% Fe fines, fot Qingdao: 677 yuan per wet metric tonne (implied 62% Fe China Port Price: $88.52 per dry tonne), down 3 yuan per wet metric tonne.
Key drivers
Market participants were informed of fresh curbs to be imposed December 20-24 in the steelmaking hub of Tangshan, northern China amid unhealthy pollution levels in the city via documents circulated by local authorities.

Some...

Published

Alex Theo

December 20, 2019

12:11 GMT

Singapore