IRON ORE DAILY: Poor steel demand, weak sentiment drag seaborne prices down
Seaborne iron ore prices tumbled on Tuesday February 2 amid poor steel demand which weighed further on market sentiment, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $149.80 per tonne, down $7.27 per tonne
62% Fe low-alumina fines, cfr Qingdao: $150.37 per tonne, down $7.40 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $139.28 per tonne, down $4.67 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $173.00 per tonne, down $7.50 per tonne
62% Fe fines, fot Qingdao: 1,090 yuan per wet metric tonne (implied 62% Fe China Port Price: $157.06 per dry tonne), down by 24 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4550 per dry metric tonne unit (dmtu), up $0.0450 per dmtu.
IRON ORE DAILY: Poor steel demand, weak sentiment drag seaborne...
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