IRON ORE DAILY: Prices edge down on weaker demand

Iron ore prices edged down on Friday July 23 amid weaker demand.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $201.33 per tonne, down by $1.30 per tonne
62% Fe low-alumina fines, cfr Qingdao: $202.86 per tonne, down by $1.76 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $165.45 per tonne, down by $1.43 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $236.10 per tonne, down by $3.60 per tonne
62% Fe fines, fot Qingdao: 1,392 yuan per wet metric tonne (implied 62% Fe China Port Price: $201.57 per dry tonne), down by 16 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4600 per dry metric tonne unit (dmtu), down by $0.0400 per dmtu
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased in today’s morning session and fluctuated in the afternoon before ending down by 1.2% from...

Published

Min Li

July 23, 2021

13:08 GMT

Shanghai