IRON ORE DAILY: Prices down amid drop in steel prices

Iron ore prices were largely down on Thursday October 21, following the bearish mood in terms of steel prices and demand, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $116.93 per tonne, down $7.14 per tonne
62% Fe low-alumina fines, cfr Qingdao:  $118.68 per tonne, down $6.53 per tonne
58% Fe fines high-grade premium, cfr Qingdao:  $88.98 per tonne, down $5.99 per tonne
65% Fe Brazil-origin fines, cfr Qingdao:  $141.80 per tonne, down $5.20 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao:  $0.2100 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao:  868 yuan per wet metric tonne (implied 62% Fe China Port Price: $125.65 per dry tonne), down by 25 yuan per wmt
Key drivers

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

Published

Zihao Yu

October 21, 2021

12:02 GMT

Singapore