Continuing weak demand leads to decline in iron ore prices
Iron ore prices fell on Thursday December 9 amid sustained weak demand for the steelmaking raw material in the seaborne market and at Chinese ports, sources told Fastmarkets.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $108.53 per tonne, down $2.84 per tonne
62% Fe low-alumina fines, cfr Qingdao: $109.21 per tonne, down $3.30 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $83.38 per tonne, down $3.40 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $124.80 per tonne, down $2.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1400 per dry metric tonne unit (dmtu), down $0.0100 per dmtu
62% Fe fines, fot Qingdao: 714 yuan per wet metric tonne (implied 62% Fe China Port Price: $103.19 per dry tonne), down by 16 yuan per wmt
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