Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne, down $3.41 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $175.70 per tonne, down $2.50 per tonne
62% Fe fines, fot Qingdao: 1,147 yuan per wet metric tonne (
implied 62% Fe China Port Price: $163.51 per dry tonne), down by 24 yuan per wmt
Key drivers
The iron ore futures on the Dalian Commodity Exchange (DCE) went down further. The most-trade May contract...