IRON ORE DAILY: Stricter scrutiny on mills, sintering cuts prompts plunge in seaborne prices
Seaborne iron ore prices fell on Monday September 6, due to Chinese authorities taking a stricter stance against steelmakers on steel production curbs and the start of sintering restrictions, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $132.38 per tonne, down $12.33 per tonne
62% Fe low-alumina fines, cfr Qingdao: $133.02 per tonne, down $12.28 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $104.70 per tonne, down $9.84 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $150.90 per tonne, down $12.70 per tonne
62% Fe fines, fot Qingdao: 1,028 yuan per wet metric tonne (implied 62% Fe China Port Price: $148.11 per dry tonne), down by 32 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0600 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
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