IRON ORE DAILY: Prices fall amid soft demand from Chinese steel mills

Seaborne iron ore prices edged down on Thursday September 23, with concerns over demand growing due to China's steel production curbs, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $108.67 per tonne, down $0.03 per tonne
62% Fe low-alumina fines, cfr Qingdao: $109.38 per tonne, down $1.27 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $79.54 per tonne, up $3.29 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $134.60 per tonne, up $3.70 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0100 per dry metric tonne unit (dmtu), down $0.0050 per dmtu
62% Fe fines, fot Qingdao: 785 yuan per wet metric tonne (implied 62% Fe China Port Price: $111.92 per dry tonne), up by 12 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) stayed largely stable on an upward trend but...

Published

Alice Li

September 23, 2021

12:35 GMT

Shanghai