IRON ORE DAILY: Seaborne prices retreat further on risk-averse traders

Seaborne iron ore prices were down on Tuesday February 25 amid heightened concerns about the novel coronavirus (2019-nCov) outbreak outside China and the resulting risk averse attitude of traders.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $90.83 per tonne, down $1.05 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.84 per tonne, down $0.98 per tonne.
58% Fe fines high-premium, cfr Qingdao: $78.58 per tonne, down $1.14 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $104.80 per tonne, down $0.70 per tonne.
62% Fe fines, fot Qingdao: 675 yuan per wet metric tonne (implied 62% Fe China Port Price: $87.99 per dry tonne), down 14 yuan per wet metric tonne.
Key Drivers

Futures prices on China’s Dalian Commodity...

Published

Deepali Sharma

Karen Shi

February 25, 2020

11:43 GMT

Singapore