Seaborne iron ore prices fell on Wednesday December 30 amid weakened market sentiment while the iron ore lump premium made more gains amid increased demand over winter, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $159.85 per tonne, down $3.17 per tonne
62% Fe low-alumina fines, cfr Qingdao: $161.25 per tonne, down $2.25 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $148.58 per tonne, down $3.57 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $172.90 per tonne, down $3.30 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1850 per dry metric tonne unit (dmtu), up $0.0500 per dmtu.
62% Fe fines, fot Qingdao: 1100 yuan per wet metric tonne (
implied 62% Fe China Port Price: $156.87 per dry tonne), down by 23 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) fell before the close of the morning trading session and remained largely flat over the afternoon, ending the day down by...