Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:
$119.52 per tonne, down by $1.63 per tonne
62% Fe low-alumina fines, cfr Qingdao:
$119.98 per tonne, down by $1.32 per tonne
58% Fe fines high-grade premium, cfr Qingdao:
$110.63 per tonne, down by $1.71 per tonne
65% Fe Brazil-origin fines, cfr Qingdao:
$132.70 per tonne, down by $1.10 per tonne
62% Fe fines, fot Qingdao:
915 yuan per wet metric tonne (implied 62% Fe China Port Price:
$126.14 per dry tonne), down by 8 yuan per wmt.
Market sources said that the high port inventories and steel mills’ low margins have triggered concerns about iron ore demand, resulting in the further drop in prices.
A trading source in southern China said that port inventories had reached a seven-month high, depressing market sentiment. With more shipments expected from Brazil, iron...