Seaborne iron ore prices fell on Tuesday August 17, with crude steel production cuts in China leading to thin trading and depressing market sentiment.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $160.75 per tonne, down $2.77 per tonne
62% Fe low-alumina fines, cfr Qingdao: $161.65 per tonne, down $2.38 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $129.54 per tonne, down $1.93 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $188.70 per tonne, down $2.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2350 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 1,142 yuan per wet metric tonne (
implied 62% Fe China Port Price: $164.38 per dry tonne), down by 12 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in yesterday's night session, then decreased in today's morning and afternoon sessions, before ending the day...