Iron ore prices largely retreated on Tuesday March 9 due to there being the most strict emissions restrictions in Tangshan since 2017, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $164.41 per tonne,down $9.93 per tonne
62% Fe low-alumina fines, cfr Qingdao: $164.67 per tonne,down $9.96 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $153.04 per tonne,down $9.02 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $189.30 per tonne,down $9.10 per tonne
62% Fe fines, fot Qingdao: 1,158 yuan per wet metric tonne (
implied 62% Fe China Port Price: $165.65 per dry tonne), down by 29 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) fell quickly in the afternoon trading session, down by 9.8% from Monday's...