IRON ORE DAILY: Seaborne prices fall after official confirmation of winter restrictions in China

Seaborne iron ore prices continued to fall on Wednesday October 13, after a formal announcement on upcoming winter restrictions by China's Ministry of Industry & Information Technology (MIIT).

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.17 per tonne, down $4.83 per tonne
62% Fe low-alumina fines, cfr Qingdao: $125.09 per tonne, down $5.08 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $93.04 per tonne, down $5.47 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $148.40 per tonne, down $3.90 per tonne
62% Fe fines, fot Qingdao: 904 yuan per wet metric tonne (implied 62% Fe China Port Price: $129.81 per dry tonne), down by 16 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) was on a downtrend,...

Published

Alex Theo

October 13, 2021

11:22 GMT

Singapore