Seaborne iron ore prices went down on Tuesday May 11 due to less market liquidity and weakened sentiment amid China's Dalian Commodity Exchange's risk notice, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $228.93 per tonne, down $1.63 per tonne
62% Fe low-alumina fines, cfr Qingdao: $229.81 per tonne, down $2.80 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $200.07 per tonne, down $2.65 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $260.60 per tonne, down $2.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4900 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 1,662 yuan per wet metric tonne (
implied 62% Fe China Port Price: $243.14 per dry tonne), up by 5 yuan per wmt
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) decreased during yesterday evening's trading session but rebounded in the afternoon on May 11 before ending...