IRON ORE DAILY: Iron ore prices inch down amid weak buying interest

Seaborne iron ore prices inched down on Monday September 13 due to weak buying interest from end users, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $123.84 per tonne,  down $5.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $124.16 per tonne,  down $6.09 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $97.99 per tonne,  down $6.13 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $146.10 per tonne,  down $6.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0500 per dry metric tonne unit (dmtu), unchanged $0.0000 per dmtu
62% Fe fines, fot Qingdao: 959 yuan per wet metric tonne (implied 62% Fe China Port Price: $138.19 per dry tonne), down by 41 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downward throughout the day and ended down by 3.6% from Friday’s closing price of 732.50 yuan ($114)...

Published

Alice Li

September 13, 2021

12:22 GMT

Shanghai