IRON ORE DAILY: Prices down; demand outlook still weak

Seaborne iron ore prices inched lower on Tuesday October 19 because market participants adopted a weak outlook for iron ore demand after more news of steel production cuts in south China’s Jiangsu province and iron ore logistics disruptions in north China’s Tangshan, market sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.04 per tonne, down $0.28 per tonne
62% Fe low-alumina fines, cfr Qingdao: $125.43 per tonne, down $0.54 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $93.52 per tonne, down $0.95 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $147.10 per tonne, down $1.00 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit (dmtu), unchanged $0.0000 per dmtu

62% Fe fines, fot Qingdao: 890 yuan per wet metric tonne (implied 62% Fe China Port Price: $128.15 per dry tonne), up by 4 yuan...

Published

Alice Li

October 19, 2021

11:53 GMT

Shanghai