Seaborne iron ore prices declined on Monday December 28 due to a downtrend in steel prices over the weekend and cold-weather concerns in China, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $163.85 per tonne,down $2.20 per tonne
62% Fe low-alumina fines, cfr Qingdao: $164.50 per tonne,down $2.80 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $153.02 per tonne,down $1.23 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $177.90 per tonne,down $1.70 per tonne
62% Fe fines, fot Qingdao: 1,128 yuan per wet metric tonne (
implied 62% Fe China Port Price: $160.78 per dry tonne), down by 9 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange decreased sharply in the morning and trended lower throughout the day,...