IRON ORE DAILY: Fresh political tensions, emissions restrictions depress seaborne prices

Iron ore prices fell on Thursday April 22 after fresh tensions between Australia and China emerged and further emissions restrictions were introduced in the Chinese steel hub of Handan city, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $183.62 per tonne, down $4.61 per tonne
62% Fe low-alumina fines, cfr Qingdao: $185.38 per tonne, down $3.29 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $159.38 per tonne, down $1.85 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $218.70 per tonne, down $3.20 per tonne
62% Fe fines, fot Qingdao: 1,252 yuan per wet metric tonne (implied 62% Fe China Port Price: $180.15 per dry tonne), up by 5 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) was largely flat on Thursday, but dipped near the close to end the day down 0.8% from...

Published

Alex Theo

April 22, 2021

12:03 GMT

Singapore