Seaborne iron ore prices were lower across the board on Monday March 15 due to weak trading sentiment after a heavy sandstorm in Beijing added to concerns about the impact of emissions restrictions in Tangshan on iron ore demand.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $163.33 per tonne, down $2.11 per tonne
62% Fe low-alumina fines, cfr Qingdao: $163.61 per tonne, down $1.92 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $150.66 per tonne, down $1.61 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $189.00 per tonne, down $1.60 per tonne
62% Fe fines, fot Qingdao: 1,130 yuan per wet metric tonne (implied 62% Fe China Port Price: $161.89 per dry tonne), down by 15 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) recovered slightly after drops during night trading on Friday, but...