IRON ORE DAILY: Prices down amid weaker restocking

Seaborne iron ore prices fell on Tuesday September 28; market participants have almost finished pre-holiday restocking and more provinces in China have places further limits on electricity consumption and steelmaking production, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $112.06 per tonne, down $7.25 per tonne
62% Fe low-alumina fines, cfr Qingdao: $113.45 per tonne, down $7.65 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $83.08 per tonne, down $5.99 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $136.50 per tonne, down $7.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1550 per dry metric tonne unit (dmtu), up $0.0400 per dmtu
62% Fe fines, fob Qingdao: 854 yuan per wet metric tonne (implied 62% Fe China Port Price: $122.23 per dry tonne), down by 16 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on...

Published

Alice Li

September 28, 2021

12:11 GMT

Shanghai