Seaborne iron ore prices fell on Monday December 14 after steelmakers in China called on authorities to clamp down on price speculation after it led iron ore prices to surge to multi-year highs last week, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $154.37 per tonne, down $5.76 per tonne
62% Fe low-alumina fines, cfr Qingdao: $154.71 per tonne, down $5.70 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $145.43 per tonne, down $3.96 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $167.00 per tonne, down $6.30 per tonne
62% Fe fines, fot Qingdao: 1036 yuan per wet metric tonne (
implied 62% Fe China Port Price: $147.18 per dry tonne), down by 16 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) eased around 2.4% compared with the previous day's...