IRON ORE DAILY: Seaborne prices buckle as pollution curbs imposed

December 21, 2019 / www.metalbulletin.com / Article Link

Seaborne iron ore prices fell across the board on Friday December 20 amid fresh emergency pollution curbs imposed in the steelmaking hub of Tangshan.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $91.63 per tonne, down $2.14 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $90.72 per tonne, down $2.14 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $91.46 per tonne, down $2.20 per tonne.
58% Fe fines high-premium, cfr Qingdao: $79.22 per tonne, down $1.73 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $101.70 per tonne, down $2.80 per tonne.
62% Fe fines, fot Qingdao: 677 yuan per wet metric tonne (implied 62% Fe China Port Price: $88.52 per dry tonne), down 3 yuan per wet metric tonne.
Key drivers
Market participants were informed of fresh curbs to be imposed December 20-24 in the steelmaking hub of Tangshan, northern China amid unhealthy pollution levels in the city via documents circulated by local authorities.

Some...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok