Iron ore prices fell on Thursday August 12, on weakening market sentiment prompted by limited demand and thin liquidity, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $162.96 per tonne, down $2.52 per tonne
62% Fe low-alumina fines, cfr Qingdao: $163.19 per tonne, down $2.78 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $130.72 per tonne, down $3.56 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $191.90 per tonne, down $3.20 per tonne
62% Fe fines, fot Qingdao: 1,175 yuan per wet metric tonne (
implied 62% Fe China Port Price: $169.11 per dry tonne), down by 13 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.29 per dry metric tonne unit (dmtu), down $0.0450 per dmtu.
Key drivers
The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) trended downwards during the trading session on Thursday, ending down by 3.8% from Wednesday's closing price of 871.50 yuan ($134) per...