Seaborne iron ore prices fell on Monday July 20, with slow trading activity and no clear trend emerging, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $109.54 per tonne, down $0.77 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $111.44 per tonne, down $0.89 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $97.86 per tonne, down $1.13 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $121.20 per tonne, down $0.30 per tonne.
62% Fe fines, fot Qingdao: 854 yuan per wet metric tonne (
implied 62% Fe China Port Price: $112.92 per dry tonne), unchanged.
Key drivers
The iron ore futures market downtrend continued for a fourth trading day on the Dalian Commodity Exchange, where the most liquid September futures contract dropped by 1.1% compared with last Friday.
And the downtrend was also evident in iron ore swaps in Singapore Exchange, where the August and September contracts both lost more...