Seaborne iron ore prices inched down on Monday September 13 due to weak buying interest from end users, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $123.84 per tonne, down $5.87 per tonne
62% Fe low-alumina fines, cfr Qingdao: $124.16 per tonne, down $6.09 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $97.99 per tonne, down $6.13 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $146.10 per tonne, down $6.90 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.0500 per dry metric tonne unit (dmtu), unchanged $0.0000 per dmtu
62% Fe fines, fot Qingdao: 959 yuan per wet metric tonne (implied
62% Fe China Port Price: $138.19 per dry tonne), down by 41 yuan per wmt
Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downward throughout the day and ended down by 3.6% from Friday's closing price of 732.50 yuan ($114)...