Seaborne iron ore prices fell on Wednesday May 20 amid slow trading activity, bringing to an end a run of consecutive increases seen since the start of May.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $96.95 per tonne, down $1.41 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $99.54 per tonne, down $1.45 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $84.05 per tonne, down $1.96 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $112.50 per tonne, down $2.40 per tonne.
62% Fe fines, fot Qingdao: 740 yuan per wet metric tonne (implied
62% Fe China Port Price: $95.81 per dry tonne), up 7 yuan per wmt.
Key drivers
Trading activity is weak in both the seaborne and portside markets...