IRON ORE DAILY: Market bucks bullish trend, drives seaborne prices downward

Seaborne iron ore prices eased on Tuesday September 15 amid a market-driven price correction from the previous day’s sky-high prices, according to trade sources.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $128.52 per tonne, down by $1.65 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $128.90 per tonne, down by $1.32 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $118.02 per tonne, down by $1.21 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $142.80 per tonne, down by $0.30 per tonne.
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0700 per dry metric tonne unit (dmtu), down by $0.0050 per dmtu.

62% Fe fines, fot Qingdao: 961 yuan per wet metric tonne (implied 62% Fe China Port Price: $130.82 per dry tonne), up by 10 yuan...

Published

Alex Theo

September 15, 2020

12:10 GMT

Singapore