IRON ORE DAILY: Prices tumble again on weak futures, steel markets

August 28, 2019 / www.metalbulletin.com / Article Link

Seaborne iron ore prices fell on Tuesday August 27, closing in on $80 per tonne cfr, amid weaker futures and steel markets.

Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.35 per tonne, down $2.56 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $82.73 per tonne, down $2.56 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $81.07 per tonne, down $3.25 per tonne. 58% Fe fines high-premium, cfr Qingdao: $71.46 per tonne, down $2.03 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $91.10 per tonne, down $2.80 per tonne.62% Fe fines. Fot Qingdao: 697 yuan per wet metric tonne (implied 62% Fe China Port Price $89.59 per dry tonne), down 11 yuan per wmt. 63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1200 per dry metric tonne unit, down $0.0050 per dmtu. Key driversChina's ferrous futures faltered across the board on Tuesday, with...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok