Iron ore prices fell across the board on Monday June 21 because limited demand for steel weakened sentiment for the steelmaking raw material, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $208.15 per tonne, down $10.75 per tonne
62% Fe low-alumina fines, cfr Qingdao: $210.00 per tonne, down $10.24 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $175.53 per tonne, down $10.77 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $239.00 per tonne, down $10.40 per tonne
62% Fe fines, fot Qingdao: 1,498 yuan per wet metric tonne (implied
62% Fe China Port Price: $217.62 per dry tonne), down by 26 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fell throughout the trading session, ending down by 6.8% from Friday's closing price...