Seaborne iron ore prices fell from their record highs on Tuesday December 22, after the market began "cooling off" following the introduction of new counter-speculation measures at the Dalian Commodity Exchange (DCE), sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $164.53 per tonne, down $11.92 per tonne
62% Fe low-alumina fines, cfr Qingdao: $165.07 per tonne, down $12.76 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $154.95 per tonne, down $8.21 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $178.20 per tonne, down $11.90 per tonne
62% Fe fines, fot Qingdao: 1171 yuan per wet metric tonne (
implied 62% Fe China Port Price: $166.83 per dry tonne), down by 10 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the DCE fell by around 7.8% on Tuesday, compared...