IRON ORE DAILY: Prices down slightly amid weak steel demand

Iron ore prices were mostly down a bit on Monday October 18 with limited liquidity amid weak steel demand, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.32 per tonne, down $0.90 per tonne
62% Fe low-alumina fines, cfr Qingdao: $125.97 per tonne, down $0.53 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $94.47 per tonne, up $0.18 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $148.10 per tonne, up $0.10 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 886 yuan per wet metric tonne (implied 62% Fe China Port Price: $127.46 per dry tonne), down by 17 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated around...

Published

Zihao Yu

October 18, 2021

11:27 GMT

Singapore