IRON ORE DAILY: Seaborne prices drop on weak short-term demand outlook

Iron ore prices fell on Thursday July 22 amid a weak short-term demand outlook, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $202.63 per tonne, down $12.16 per tonne
62% Fe low-alumina fines, cfr Qingdao: $204.62 per tonne, down $11.55 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $166.88 per tonne, down $9.56 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $239.70 per tonne, down $9.40 per tonne
62% Fe fines, fot Qingdao: 1,408 yuan ($217.44) per wet metric tonne (implied 62% Fe China Port Price: $203.71 per dry tonne), down by 44 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.50 per dry metric tonne unit (dmtu), down by $0.01 per dmtu
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downward, ending down by 3.1%...

Published

Alex Theo

July 22, 2021

12:02 GMT

Singapore