The retreat in seaborne iron ore prices resumed on Thursday August 15 following losses in derivatives markets while premiums continued to soften for index-linked cargoes.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $88.44 per tonne, down by $2.28 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $86.94 per tonne, down by $2.28 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $88.22 per tonne, down by $2.59 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $77.17 per tonne, down by $2.28 per tonne. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $97.60 per tonne, down by $2.40 per tonne. Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 723 yuan per wet metric tonne (implied 62% Fe China Port Price $94.59 per dry tonne), down by 6 yuan per wmt. Key drivers China's iron ore futures largely trended downward during the day, despite a rebound in rebar and hot-rolled coil contracts in...