Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $212.33 per tonne, down $6.29 per tonne
62% Fe low-alumina fines, cfr Qingdao: $214.94 per tonne, down $5.83 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $179.62 per tonne, down $6.77 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $249.10 per tonne, down $6.20 per tonne
62% Fe fines, fot Qingdao: 1,476 yuan per wet metric tonne (
implied 62% Fe China Port Price: $214.32 per dry tonne), down by 39 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in morning trading on Tuesday, but fell in the afternoon to end the day down by 3.7% from Monday's closing price of 1,196 yuan ($185) per tonne.
The most-traded July iron ore...