Seaborne iron ore prices down, sentiment bearish on talk of new production cuts in China
Seaborne iron ore prices fell on Thursday December 12, with sentiment turning bearish amid reports of a new round of production cuts in China's Tangshan steelmaking hub, market participants told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $101.62 per tonne, down $2.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $102.13 per tonne, down $2.43 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $75.45 per tonne, down $3.01 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $115.80 per tonne, down $2.80 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1300 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 693 yuan per wet metric tonne (implied 62% Fe China Port Price: $99.81 per dry tonne), up by 5 yuan per wmt
Seaborne iron ore prices down, sentiment bearish on talk of new...
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