Seaborne iron ore prices fell on Friday October 15 amid lower traded volumes at Chinese ports, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $125.22 per tonne, down $0.69 per tonne
62% Fe low-alumina fines, cfr Qingdao: $126.50 per tonne, down $1.10 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $94.29 per tonne, down $0.64 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $148.00 per tonne, down $2.60 per tonne
62% Fe fines, fot Qingdao: 903 yuan per wet metric tonne (implied
62% Fe China Port Price: $129.97 per dry tonne), up by 4 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) fell during the night trading session on Thursday and remained stable for...