IRON ORE DAILY: Pessimistic demand outlook for steel prompts iron ore price fall
Iron ore prices fell on Wednesday June 16 amid market concerns of weakened demand for steel, which prompted prices to ease as well, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $214.08 per tonne, down $7.79 per tonne
62% Fe low-alumina fines, cfr Qingdao: $216.55 per tonne, down $6.54 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $184.92 per tonne, down $9.68 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $245.00 per tonne, down $5.80 per tonne
62% Fe fines, fot Qingdao: 1,513 yuan per wet metric tonne (implied 62% Fe China Port Price: $221.79 per dry tonne), down by 2 yuan per wmt
IRON ORE DAILY: Pessimistic demand outlook for steel prompts...
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