Iron ore prices went down again on Wednesday September 15 with concerns about further steel production restrictions depressing iron ore demand outlook, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $116.65 per tonne, down $5.02 per tonne
62% Fe low-alumina fines, cfr Qingdao: $117.80 per tonne, down $4.83 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $88.53 per tonne, down $4.98 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.10 per tonne, down $4.70 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0250 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 919 yuan per wet metric tonne (implied 62% Fe China Port Price: $132.19 per dry tonne), down by 27 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased despite fluctuating up slightly in the afternoon, ending down by 2.6% from Tuesday's closing price of 711 yuan ($110) per...