IRON ORE DAILY: Seaborne prices ease amid emissions restrictions

Iron ore prices eased on Wednesday August 4 amid pollution control measures being implemented in Tangshan city between August 4-9, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $183.69 per tonne, down $0.98 per tonne
62% Fe low-alumina fines, cfr Qingdao: $184.39 per tonne, down $1.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $147.91 per tonne, down $1.09 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $214.00 per tonne, down $1.10 per tonne
62% Fe fines, fot Qingdao: 1,286 yuan ($198.82) per wet metric tonne (implied 62% Fe China Port Price: $185.95 per dry tonne), down by 1 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4050 per dry metric tonne unit (dmtu), down $0.0050 per dmtu.
Key drivers

The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downwards during the night trading session on Tuesday and remained largely flat from the opening on Wednesday, ending...

Published

Alex Theo

August 04, 2021

11:54 GMT

Singapore