Seaborne iron ore prices fell below $70 per tonne cfr China on Tuesday December 18 amid expectations of more stringent implementation of steelmaking restrictions in China.
MB 62% Fe Iron Ore Index: $69.03 per tonne cfr Qingdao, down $1.44 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.83 per tonne cfr Qingdao, down $1.44 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $71.58 per tonne cfr Qingdao, down $0.46 per tonne. MB 58% Fe Premium Index: $61.87 per tonne cfr Qingdao, down $1.80 per tonne. MB 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged. MB 62% Fe China Port Price Index: 545 yuan per wet metric tonne (implied 62% Fe China Port Price $69.79 per dry tonne), down 2 yuan per wmt. Key drivers Steelmaking production restrictions set for the winter heating season in north China, which had not been very strictly implemented in the past month, could be ramping up in severity according to reports from market...