IRON ORE DAILY: Prices drop while market mulls bearish downstream demand outlook, Brazil supply fears

The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange’s derivatives for the steelmaking raw material a day earlier.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $86.84 per tonne, down $6.87 per tonne

62% Fe low-alumina fines, cfr Qingdao: $88.58 per tonne, down $6.36 per...

Published

Deepali Sharma

January 29, 2020

12:38 GMT

Singapore