Iron ore prices fell on Wednesday June 16 amid market concerns of weakened demand for steel, which prompted prices to ease as well, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $214.08 per tonne, down $7.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $216.55 per tonne, down $6.54 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $184.92 per tonne, down $9.68 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $245.00 per tonne, down $5.80 per tonne
62% Fe fines, fot Qingdao: 1,513 yuan per wet metric tonne (
implied 62% Fe China Port Price: $221.79 per dry tonne), down by 2 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.6800 per dry metric tonne unit (dmtu), down $0.0050 per dmtu.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) was trending lower, ending the...