Seaborne iron ore prices were largely rangebound on Tuesday December 17 despite pollution curbs being removed in Tangshan.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $94.07 per tonne, up $0.03 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $93.16 per tonne, up $0.03 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $93.95 per tonne, up $0.28 per tonne.
58% Fe fines high-premium, cfr Qingdao: $80.63 per tonne, down $0.98 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103.80 per tonne, down $0.50 per tonne.
62% Fe fines, fot Qingdao: 676 yuan per wet metric tonne (implied
62% Fe China Port Price, $88.72 per dry tonne), down 8 yuan per wet metric tonne.
Key drivers
The benchmark May iron ore contract on the Dalian Commodity Exchange observed a dip in morning trading and remained largely flat for the remainder of the day, ending around 1.6% lower compared with the previous day's settlement price....