Seaborne iron ore prices fell on Monday June 22 after an increase in cargo arrivals at Chinese ports last week, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $101.75 per tonne, down $0.67 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $104.19 per tonne, down $1.20 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $90.77 per tonne, down $2.01 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $114.40 per tonne, down $1.70 per tonne.
62% Fe fines, fot Qingdao: 789 yuan per wet metric tonne (
implied 62% Fe China Port Price: $102.90 per dry tonne), down 13 yuan per wmt.
Key drivers
Iron ore prices experienced solid drop both in the futures and seaborne markets.
A trading source in southern China said that iron ore at Chinese ports...