IRON ORE DAILY: Seaborne prices fall amid drop in futures market

Seaborne iron ore prices slipped on Thursday June 4, following a big dip in the futures market.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao:
$99.24 per tonne, down $1.98 per tonne. 
62% Fe low-alumina fines, cfr Qingdao: $102.17 per tonne, down $1.83 per tonne. 
58% Fe fines high-grade premium, cfr Qingdao: $89.41 per tonne, down $0.14 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $113.50 per tonne, down $1 per tonne.
62% Fe fines, fot Qingdao: 785 yuan per wet metric tonne (implied 62% Fe China Port Price: $101.73 per dry tonne), down 2 yuan per wet metric tonne.
Key drivers

The Chinese iron ore futures market started off mixed in the Thursday, but took a downturn by the close, ending the...

Published

Alex Theo

June 04, 2020

12:59 GMT

Singapore