Iron ore prices mostly unchanged amid weak demand

Seaborne iron ore prices were largely stable on Friday December 3, amid weak buying interest from both traders and steel mills in China, market participants told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $102.36 per tonne, up $0.74 per tonne
62% Fe low-alumina fines, cfr Qingdao:  $102.61 per tonne, up $0.48 per tonne
58% Fe fines high-grade premium, cfr Qingdao:  $75.28 per tonne, down $0.17 per tonne
65% Fe Brazil-origin fines, cfr Qingdao:  $116.30 per tonne, up $0.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao:  $0.1400 per dry metric tonne unit (dmtu),up $0.0100 per dmtu
62% Fe fines, fot Qingdao: 667 yuan per wet metric tonne (implied 62% Fe China Port Price: $95.89 per dry tonne), down by 26 yuan per wmt
Key drivers

The most-traded May iron ore futures contract on the...


Alice Li

December 03, 2021

11:36 GMT