IRON ORE DAILY: Seaborne prices fall amid lackluster demand; emissions restrictions deployed

Iron ore prices drifted down on Friday February 19, on weakening demand from Chinese steel mills, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $173.55 per tonne, down $1.50 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.00 per tonne, down $1.50 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $159.21 per tonne, down $1.01 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $197.20 per tonne, down $0.80 per tonne
62% Fe fines, fot Qingdao: 1186 yuan per wet metric tonne (implied 62% Fe China Port Price: $171.13 per dry tonne), up by 10 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4350 per dry metric tonne unit (dmtu), down $0.0150 per dmtu.
Key drivers

The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) opened largely flat on Friday and started to fall just before the midday break, finally ending the day down...

Published

Alex Theo

February 19, 2021

11:48 GMT

Singapore