IRON ORE DAILY: Prices down on lack of seaborne trading

Seaborne iron ore prices fell on Monday July 20, with slow trading activity and no clear trend emerging, sources told Fastmarkets.

Fastmarkets iron ore indices 
62% Fe fines, cfr Qingdao: $109.54 per tonne, down $0.77 per tonne. 
62% Fe low-alumina fines, cfr Qingdao: $111.44 per tonne, down $0.89 per tonne. 
58% Fe fines high-grade premium, cfr Qingdao: $97.86 per tonne, down $1.13 per tonne. 
65% Fe Brazil-origin fines, cfr Qingdao: $121.20 per tonne, down $0.30 per tonne. 
62% Fe fines, fot Qingdao: 854 yuan per wet metric tonne (implied 62% Fe China Port Price: $112.92 per dry tonne), unchanged.
Key drivers
The iron ore futures market downtrend continued for a fourth trading day on the Dalian Commodity Exchange, where the most liquid September futures contract dropped by 1.1% compared with last Friday. 

And the downtrend was also evident in iron ore swaps in Singapore Exchange, where the August and September contracts both lost more...

Published

Zihao Yu

July 20, 2020

12:06 GMT

Singapore