IRON ORE DAILY: Falling steel prices prompt raw material market to tumble

Iron ore prices fell across the board on Monday June 21 because limited demand for steel weakened sentiment for the steelmaking raw material, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $208.15 per tonne, down $10.75 per tonne
62% Fe low-alumina fines, cfr Qingdao: $210.00 per tonne, down $10.24 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $175.53 per tonne, down $10.77 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $239.00 per tonne, down $10.40 per tonne
62% Fe fines, fot Qingdao: 1,498 yuan per wet metric tonne (implied 62% Fe China Port Price: $217.62 per dry tonne), down by 26 yuan per wmt
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fell throughout the trading session, ending down by 6.8% from Friday’s closing price...

Published

Alex Theo

June 21, 2021

11:19 GMT

Singapore