IRON ORE DAILY: Prices down on weak demand amid emissions restrictions

Iron ore prices declined on Friday March 5 due to weak iron ore demand amid the strict emissions restrictions and further air pollution control plans in Hebei, , sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $174.11 per tonne, down $3.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $174.66 per tonne, down $3.41 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $161.10 per tonne, down $3.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $199.20 per tonne, down $3.70 per tonne
62% Fe fines, fot Qingdao: 1,183 yuan per wet metric tonne (implied 62% Fe China Port Price: $170.62 per dry tonne), down by 20 yuan per wmt
Key drivers

After the sharp decrease in Thursday night's trading session, the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated around its opening price level...

Published

Zihao Yu

March 05, 2021

11:58 GMT

Singapore