More disruptions to trade relations between the United States and China have added to the gloom in the commodities markets on Friday August 2, including iron ore.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $107.73 per tonne, down by $7.95 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $106.23 per tonne, down by $7.95 per tonne.Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $108.16 per dmt, down by $7.72 per dmt.Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $105.00 per tonne, down by $1.53 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $118.20 per tonne, down by $5.30 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 866 yuan per wet metric tonne (implied 62% Fe China Port Price $116.15 per dry tonne), down by 17 yuan per wmt.Key driversUS President Donald Trump said late on August 1 that...