Poor demand continues to weigh on iron ore prices
Seaborne iron ore prices dipped further on Wednesday December 29 amid weak replenishment demand from mills in the spot market and a bearish outlook in the futures market, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $118.30 per tonne, down $1.14 per tonne
62% Fe low-alumina fines, cfr Qingdao: $118.38 per tonne, down $1.50 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $89.29 per tonne, down $0.66 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $136.90 per tonne, down $1.80 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1600 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 789 yuan per wet metric tonne (implied 62% Fe China Port Price: $114.11 per dry tonne), down by 21 yuan per wmt
Poor demand continues to weigh on iron ore pricesSeaborne iron...
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