Seaborne iron ore prices eased on Tuesday June 9 amid announcements from the Dalian Commodity Exchange of efforts to stamp out market rumors and strengthen regulation.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $104.60 per tonne, down $1.07 per tonne
62% Fe low-alumina fines, cfr Qingdao: $107.30 per tonne, down $1.35 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $93.39 per tonne, down $1.14 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $117.90 per tonne, down $0.60 per tonne
62% Fe fines, fot Qingdao: 802 yuan per wet metric tonne (
implied 62% Fe China Port Price: $104.59 per dry tonne), down 15 yuan per wmt
Key drivers
The Dalian Commodity Exchange (DCE) informed market participants on Monday June 8 it has taken multiple measures to strengthen market regulation and maintain market course for iron ore futures.
By the end of May, 13 abnormal transactions have been handled including...