Seaborne iron ore prices dipped on Friday November 13 amid weakened demand for downstream steel products, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $122.37 per tonne, down $1.37 per tonne
62% Fe low-alumina fines, cfr Qingdao: $123.10 per tonne, down $0.64 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $113.56 per tonne, down $0.85 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $134.60 per tonne, down $0.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0700 per dry metric tonne unit (dmtu), down $0.0050 per dmtu.
62% Fe fines, fot Qingdao: 889 yuan per wet metric tonne (implied 62% Fe China Port Price: $124.25 per dry tonne),...