IRON ORE DAILY: Seaborne prices drop on weak short-term demand outlook
Iron ore prices fell on Thursday July 22 amid a weak short-term demand outlook, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $202.63 per tonne, down $12.16 per tonne
62% Fe low-alumina fines, cfr Qingdao: $204.62 per tonne, down $11.55 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $166.88 per tonne, down $9.56 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $239.70 per tonne, down $9.40 per tonne
62% Fe fines, fot Qingdao: 1,408 yuan ($217.44) per wet metric tonne (implied 62% Fe China Port Price: $203.71 per dry tonne), down by 44 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.50 per dry metric tonne unit (dmtu), down by $0.01 per dmtu
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