Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $121.67 per tonne, down $2.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $122.63 per tonne, down $1.53 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $93.51 per tonne, down $4.48 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $143.80 per tonne, down $2.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0250 per dry metric tonne unit (dmtu), down $0.0250 per dmtu
62% Fe fines, fot Qingdao: 946 yuan per wet metric tonne (
implied 62% Fe China Port Price: $136.04 per dry tonne), down by 13 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) increased after trading opened but drifted down in the afternoon session, ending up by just 0.7% from Monday's closing price of 706...