Seaborne iron ore prices were down on Tuesday October 12 amid limited trading at Chinese ports, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $129.00 per tonne, down $6.03 per tonne
62% Fe low-alumina fines, cfr Qingdao: $130.17 per tonne, down $8.93 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $98.51 per tonne, down $7.08 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $152.30 per tonne, down $7.70 per tonne
62% Fe fines, fot Qingdao: 920 yuan per wet metric tonne (implied
62% Fe China Port Price: $132.27 per dry tonne), down by 6 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE)...