IRON ORE DAILY: Seaborne prices tumble amid restrictions in north China

July 23, 2019 / www.metalbulletin.com / Article Link

Seaborne iron ore prices fell across the board on Monday July 22, amid environmental restrictions imposed on steelmakers in north China.

Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $118.33 per tonne, down $3.46 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $118.25 per tonne, down $3.46 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $119.33 per dry metric tonne, down $3.48 per dmt. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $107.49 per tonne, down $1.93 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $126.80 per tonne, down $2.40 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 893 yuan per wet metric tonne (implied 62% Fe China Port Price $120.22 per dry tonne), down 3 yuan per wmt. Key driversMarket players were cautious on Monday, with buying interest still limited by looming...

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