DCE's most-traded iron ore futures contract hits record low

Iron ore prices fell in China on Thursday November 18 in response to a new round of controls imposed on blast furnace operation and emissions restrictions in the city of Handan in Hebei province, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.27 per tonne, down $3.81 per tonne
62% Fe low-alumina fines, cfr Qingdao: $88.26 per tonne, down $3.04 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $60.58 per tonne, down $2.73 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $102 per tonne, down $3.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1100 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 587 yuan per wet metric tonne (implied 62% Fe China port price: $83.79 per dry tonne), down by 21 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fell by 5% from Wednesday’s closing price of 538.50 yuan...

Published

Zihao Yu

November 18, 2021

12:02 GMT

Singapore