IRON ORE DAILY: Prices fall amid emissions restrictions in China, depressed market sentiment
Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated in morning trading on Tuesday, but fell in the afternoon to end the day down by 3.7% from Monday’s closing price of 1,196 yuan ($185) per tonne.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $249.10 per tonne, down $6.20 per tonne
Custeel
65% Fe fines US$245.80/tonne pellet premium US$68.50
Pellet price US$315.30/tonne AUD$420/tonne
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