Seaborne iron ore prices fell on Friday July 5, while futures prices on the Dalian Commodity Exchange plunged for the second consecutive session.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $114.81 per tonne, down by $7.22 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines: $114.06 per tonne cfr Qingdao, down by $7.22 per tonne.Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $117.42 per dry metric tonne unit, down by $6.58 per tonne.Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $109.89 per tonne, down by $6.34 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $127.30 per tonne, down by $3.50 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 878 yuan per wet metric tonne (implied 62% Fe China Port Price $118.24 per dry tonne), down by 17 yuan per wmt.Key driversFutures on the Dalian Commodity Exchange dropped by a further 4.4% to 829.50 yuan...