Seaborne iron ore prices fell on Thursday September 9 amid inspections by authorities in Jiangsu province, which may have prompted weakness in iron ore demand, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $130.26 per tonne, down $1.93 per tonne
62% Fe low-alumina fines, cfr Qingdao: $130.92 per tonne, down $2.37 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $104.92 per tonne, down $1.74 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $150.70 per tonne, down $3.90 per tonne
62% Fe fines, fot Qingdao: 1,024 yuan per wet metric tonne (implied
62% Fe China Port Price: $147.38 per dry tonne), down by 5 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) closed down by 2.3% from Wednesday's close of 747 yuan ($116) per tonne.
The iron ore forward-month swap contracts on the Singapore Exchange (SGX) also trended downward; by 6:01pm Singapore time the most-traded October contract was down by $2.30 per...