IRON ORE DAILY: Seaborne prices down on possible steel output curbs in Guangxi
Seaborne iron ore prices were down on Tuesday August 31 amid suggestions in the local media that steel production cuts would be imposed in China’s Guangxi province, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $153.67 per tonne, down by $2.99 per tonne
62% Fe low-alumina fines, cfr Qingdao: $154.44 per tonne, down by $2.75 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $122.96 per tonne, down by $2.85 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $172.00 per tonne, down by $2.80 per tonne
62% Fe fines, fot Qingdao: 1,099 yuan per wet metric tonne (implied 62% Fe China Port Price: $158.33 per dry tonne), down by 5 yuan per wmt
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IRON ORE DAILY: Seaborne prices down on possible steel output...
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