Iron ore prices in both the futures and seaborne markets fell further on Monday October 26, due to a dip in liquidity while the market waits for a clear direction to emerge from China's 14th five-year plan discussions.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $114.63 per tonne, down $0.97 per tonne
62% Fe low-alumina fines, cfr Qingdao: $115.29 per tonne, down $0.41 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $108.47 per tonne, down $0.62 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $129.40 per tonne, down $0.70 per tonne
62% Fe fines, fot Qingdao: 871 yuan per wet metric tonne (
implied 62% Fe China Port Price: $120.69 per dry tonne), down by 12 yuan per wmt
Key drivers
Sources said trading activity in the physical market had been limited because the market was focusing...