Iron ore prices weakened again on Friday March 22 due to the newly introduced measures on emissions restrictions in Tangshan, , sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $157.01 per tonne,down $4.38 per tonne
62% Fe low-alumina fines, cfr Qingdao: $157.12 per tonne,down $4.55 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $143.08 per tonne,down $4.97 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $184.00 per tonne,down $3.50 per tonne
62% Fe fines, fot Qingdao: 1,112 yuan per wet metric tonne (implied 62% Fe China Port Price: $159.02 per dry tonne), down by 18 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased sharply after opening but...