IRON ORE DAILY: Prices drop on thin liquidity, 'grim' outlook

August 14, 2021 / www.metalbulletin.com / Article Link

Iron ore prices across the board drop on Friday August 13 due to continued thin liquidity in the seaborne market, with one market participant describing the outlook as "grim."

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $162.07 per tonne, down $0.89 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.74 per tonne, down $0.45 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $130.66 per tonne, down $0.06 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $191.10 per tonne, down $0.80 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2450 per dry metric tonne unit (dmtu), down $0.0450 per dmtu
62% Fe fines, fot Qingdao: 1,155 yuan per wet metric tonne (implied 62% Fe China Port Price: $166.25 per dry tonne), down by 20 yuan per wmt
Key drivers

The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased in yesterday's night session, but increased in today's morning...

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