Iron ore prices fell sharply on Wednesday May 19, with low liquidity and sintering restrictions in Tangshan driving the downturn, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $216.16 per tonne, down $8.28 per tonne
62% Fe low-alumina fines, cfr Qingdao: $218.79 per tonne, down $8.98 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $185.71 per tonne, down $6.99 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $248.70 per tonne, down $10.00 per tonne
62% Fe fines, fot Qingdao: 1,528 yuan per wet metric tonne (
implied 62% Fe China Port Price: $223.13 per dry tonne), down by 46 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5100 per dry metric tonne unit (dmtu), up $0.0350 per dmtu.
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