Continuing weak demand leads to decline in iron ore prices

Iron ore prices fell on Thursday December 9 amid sustained weak demand for the steelmaking raw material in the seaborne market and at Chinese ports, sources told Fastmarkets.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $108.53 per tonne, down $2.84 per tonne
62% Fe low-alumina fines, cfr Qingdao: $109.21 per tonne, down $3.30 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $83.38 per tonne, down $3.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $124.80 per tonne, down $2.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1400 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 714 yuan per wet metric tonne (implied 62% Fe China Port Price: $103.19 per dry tonne), down by 16 yuan per wmt
Key drivers

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

Published

Alex Theo

December 09, 2021

12:37 GMT

Singapore