IRON ORE DAILY: Prices down amid decrease in Chinese August steel output

Iron ore prices went down again on Wednesday September 15 with concerns about further steel production restrictions depressing iron ore demand outlook, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $116.65 per tonne, down $5.02 per tonne
62% Fe low-alumina fines, cfr Qingdao
: $117.80 per tonne, down $4.83 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $88.53 per tonne, down $4.98 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.10 per tonne, down $4.70 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0250 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 919 yuan per wet metric tonne (implied 62% Fe China Port Price: $132.19 per dry tonne), down by 27 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased despite fluctuating up slightly in the afternoon, ending down by 2.6% from Tuesday’s closing price of 711 yuan ($110) per...

Published

Zihao Yu

September 15, 2021

11:30 GMT

Singapore