IRON ORE DAILY: Prices slump on further production cuts in China's Tangshan city
Iron ore prices fell significantly on Tuesday August 10 due to continuing weak demand, with production cuts and pollution-control measures in China's Tangshan city, in preparation for February's 2022 Winter Olympics, further depressing market sentiment.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $162.44 per tonne, down $10.07 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.75 per tonne, down $10.78 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $130.94 per tonne, down $8.29 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $192.90 per tonne, down $10.40 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.350 per dry metric tonne unit (dmtu), down $0.025 per dmtu
62% Fe fines, fot Qingdao: 1,192 yuan per wet metric tonne (implied 62% Fe China Port Price: $171.70 per dry tonne), down by 56 yuan per wmt
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Last
$4.20 |
Change
0.040(0.96%) |
Mkt cap ! $2.239B | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.31 | $4.14 | $15.79M | 3.748M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18900 | $4.19 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.22 | 9700 | 1 |
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