IRON ORE DAILY: Seaborne prices retreat as futures drop

Seaborne iron ore prices dropped marginally on Monday March 16, with market participants taking a wait-and-see approach amid macro-economic concerns over the global spread of the novel coronavirus (2019-nCoV).

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $90.88 per tonne, down $0.83 per tonne. 
62% Fe low-alumina fines, cfr Qingdao: $92.14 per tonne, down $1.38 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $79.70 per tonne, down 0.89 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $106.10 per tonne, unchanged
62% Fe fines, fot Qingdao: 678 yuan per wet metric tonne (62% Fe China Port Price: $88.68 per dry tonne), up 10 yuan per wmt.

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Published

Deepali Sharma

Karen Shi

March 16, 2020

12:40 GMT

Singapore