Iron ore prices were largely rangebound on Wednesday July 14 despite activity on the trading platforms, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $218.66 per tonne, up by $0.18 per tonne
62% Fe low-alumina fines, cfr Qingdao: $220.00 per tonne, down by $1.46 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $178.41 per tonne, down by $0.25 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $252.10 per tonne, up by $0.30 per tonne
62% Fe fines, fot Qingdao: 1,490 yuan per wet metric tonne (
implied 62% Fe China Port Price: $216.05 per dry tonne), down by 25 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.5500 per dry metric tonne unit (dmtu), down by $0.0300 per dmtu.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) was trading largely sideways, ending down by 0.4% from Tuesday's closing price of 1,225 yuan ($189)...