IRON ORE DAILY: Prices fall with steel production limit in some Chinese provinces

July 22, 2021 / www.metalbulletin.com / Article Link

Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $214.79 per tonne,down $6.25 per tonne
62% Fe low-alumina fines, cfr Qingdao: $216.17 per tonne,down $6.85 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $176.44 per tonne,down $5.83 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $249.10 per tonne,down $6.80 per tonne
62% Fe fines, fot Qingdao: 1,452 yuan ($223.88) per wet metric tonne (implied 62% Fe China Port Price: $209.96 per dry tonne), down by 32 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased sharply after opening and ended down by 4.8% from Tuesday's close of 1,233 yuan per tonne.

The most-traded August iron ore forward-month swap contract on the Singapore Exchange (SGX) also fell. By 6:11pm Singapore time, it...

Recent News

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok