IRON ORE DAILY: Demand still weak amid energy consumption, emissions restrictions

Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $121.67 per tonne, down $2.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $122.63 per tonne, down $1.53 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $93.51 per tonne, down $4.48 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $143.80 per tonne, down $2.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0250 per dry metric tonne unit (dmtu), down $0.0250 per dmtu
62% Fe fines, fot Qingdao: 946 yuan per wet metric tonne (implied 62% Fe China Port Price: $136.04 per dry tonne), down by 13 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) increased after trading opened but drifted down in the afternoon session, ending up by just 0.7% from Monday’s closing price of 706...

Published

Zihao Yu

September 14, 2021

11:20 GMT

Singapore