IRON ORE DAILY: Prices down after Tangshan launches tougher emissions restrictions

Iron ore prices were largely down on Thursday October 28, after a dip in demand following the introduction of stricter emissions restrictions in China's steelmaking hub of Tangshan, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $112.65 per tonne, down $7.21 per tonne
62% Fe low-alumina fines, cfr Qingdao: $115.25 per tonne, down $6.90 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $83.06 per tonne, down $8.06 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $131.30 per tonne, down $9.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2350 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 818 yuan per wet metric tonne (implied 62% Fe China Port Price: $118.29 per dry tonne), down by 33 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) went down in the morning but quickly...

Published

Zihao Yu

October 28, 2021

11:21 GMT

Singapore