IRON ORE DAILY: Mid-grade prices drop below $90 per tonne

Seaborne iron ore prices plunged on Friday March 20 as concerns about the impact of the novel coronavirus (2019-nCoV) on downstream businesses outside China emerged.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $87.98 per tonne, down $3.38 per tonne 
62% Fe low-alumina fines, cfr Qingdao: $89.15 per tonne, down $3.22 per tone
58% Fe fines high-grade premium, cfr Qingdao: $76.69 per tonne, down $2.91 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $103.70 per tonne, down $2.80 per tonne 
62% Fe fines, fot Qingdao: 674 yuan per wet metric tonne (62% Fe China Port Price: $87.12 per dry tonne), up 6 yuan per wmt. 
Key Drivers

The Singapore Exchange’s 62% Fe iron ore futures contract dropped during...

Published

Deepali Sharma

Karen Shi

March 20, 2020

12:55 GMT

Singapore