Seaborne iron ore prices slipped slightly on Monday November 15 amid continuous weak demand from Chinese steel mills, which have begun formal production curbs for the winter heating season as of today, market sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.05 per tonne, down by $0.64 per tonne
62% Fe low-alumina fines, cfr Qingdao: $90.26 per tonne, down by $1.13 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $61.99 per tonne, down by $0.63 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $104.10 per tonne, down by $0.60 per tonne
62% Fe fines, fot Qingdao: 613 yuan per wet metric tonne, down by 1 yuan per wmt (
implied 62% Fe China Port Price: $87.6 per dry tonne, up by $.08)
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange...