Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $107.28 per tonne, down $5.37 per tonne
62% Fe low-alumina fines, cfr Qingdao: $109.57 per tonne, down $5.68 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $78.54 per tonne, down $4.52 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $127.10 per tonne, down $4.20 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2350 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 798 yuan per wet metric tonne (
implied 62% Fe China Port Price: $115.12 per dry tonne), down by 20 yuan per wmt
Key drivers
The most-traded January iron...