IRON ORE DAILY: Seaborne prices ease amid fizzling demand at Chinese ports

Seaborne iron ore prices fell on Friday October 15 amid lower traded volumes at Chinese ports, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $125.22 per tonne, down $0.69 per tonne
62% Fe low-alumina fines, cfr Qingdao: $126.50 per tonne, down $1.10 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $94.29 per tonne, down $0.64 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $148.00 per tonne, down $2.60 per tonne
62% Fe fines, fot Qingdao: 903 yuan per wet metric tonne (implied 62% Fe China Port Price: $129.97 per dry tonne), up by 4 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fell during the night trading session on Thursday and remained stable for...

Published

Alex Theo

October 15, 2021

11:12 GMT

Singapore