Iron ore prices down due to more production curbs in Tangshan
Seaborne iron ore prices dropped on Friday November 5 amid further steelmaking production cuts in northern China, market sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $93.14 per tonne, down $6.96 per tonne
62% Fe low-alumina fines, cfr Qingdao: $94.08 per tonne, down $7.62 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $65.78 per tonne, down $10.37 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $110.80 per tonne, down $6.60 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1850 per dry metric tonne unit (dmtu), down $0.0050 per dmtu
62% Fe fines, fot Qingdao: 686 yuan per wet metric tonne (implied 62% Fe China Port Price: $98.30 per dry tonne), down by 23 yuan per wmt
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