Seaborne iron ore prices tumbled for a second day on Monday August 5 amid pessimistic sentiment generated by China's ongoing trade war with the United States, which picked up in intensity toward the end of last week.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $100.56 per tonne, down $7.17 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $99.06 per tonne, down $7.17 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $100.83 per tonne, down $7.33 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $88.88 per tonne, down $16.12 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $110.50 per tonne, down $7.70 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 832 yuan per wet metric tonne (implied 62% Fe China Port Price $110.74 per dry tonne), down 34 yuan per wet metric tonne....