IRON ORE DAILY: Prices fall further amid bearish demand outlook

Iron ore prices continued to fall on Thursday August 19, with sentiment turning negative due to the bearish demand outlook, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $132.66 per tonne, down $20.73 per tonne
62% Fe low-alumina fines, cfr Qingdao: $133.30 per tonne, down $20.77 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $103.46 per tonne, down $20.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $152.50 per tonne, down $27.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1950 per dry metric tonne unit (dmtu), down $0.0250 per dmtu
62% Fe fines, fot Qingdao: 1,073 yuan per wet metric tonne (implied 62% Fe China Port Price: $153.95 per dry tonne), down by 50 yuan per wmt
Key drivers

The most-traded January iron ore futures...

Published

Zihao Yu

August 19, 2021

12:34 GMT

Singapore