Seaborne iron ore prices softened further on Wednesday September 18 amid a roller-coaster ride in the futures market.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $96.42 per tonne, down by $0.75 per tonne.
62% Fe Pilbara Blend fines, cfr Qingdao: $96.81 per tonne, down by $0.75 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $94.43 per tonne, down by $1.70 per tonne.
58% Fe fines high-premium, cfr Qingdao: $85.05 per tonne, up by $0.49 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $103 per tonne, down by $0.90 per tonne.
62% Fe fines, fot Qingdao: 776 yuan per wet metric tonne (implied 62% Fe China Port Price, $100.89 per dry tonne), up by 2 yuan per wmt.
Key drivers
China’s iron ore and steel futures started to rise sharply in trading around 11am local time on Wednesday, peaking after 2pm, but followed by an even…