Iron Ore Price Drop

IRON ORE DAILY. Iron ore prices are down by about 30 per cent since their record high of US237 A317 a tonne in May now at a mere US167 A228 at the time of writing.

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Prices for iron ore cargoes with a 635 iron content for delivery into Tianjin dropped below 150 a tonne in the second half of August the lowest level since December amid falling demand rising stocks and curbs on steel production in China.

Iron ore price drop. SP Global Platts reported that iron ore lump premiums have plummeted 74 per cent over the past two months as steel mills reduced the usage of lump in response to thin steel margins. The steelmaking commodity is a. USD per Dry Metric Ton.

Mr Greenwood said the iron ore price has fallen and continued to fall overnight for a drop of over 15 per cent and is now priced at US13002 a tonne. Ore with 58 per cent iron content plummeted 108 per cent to US13150 a tonne according to NAB. Iron prices have dropped to a near three-month low as Chinas imports have dropped following its move to control steel production during the current half to meet carbon emission norms.

The seaborne iron ore price has experienced its largest one month drop in almost eight years as shipments increased to China sparking supply pressure. Iron ore has been a tight market for most of the last two years with prices mainly between US90 to US120 a tonne so it would be totally reasonable for prices to fall all the way back below. Alex Gluyas is a markets reporter based in our.

15339 per tonne down 736 per tonne 62 Fe low. USD per Ton. Seaborne prices drop amid oversupply concerns falling steel prices Iron ore prices fell on Wednesday August 18 amid growing concerns about supply outweighing demand and weaker steel prices sources said.

Iron ore prices fell on Thursday after China sought stricter oversight of commodity markets to curb exorbitant prices. Iron ore prices slid to their lowest levels since April overnight as speculation about Chinese steel production cuts delivered a hit to the Pilbaras big iron ore miners. When economies are growing the need for steel in construction increases which drives the price up.

The most-traded iron ore futures on the Dalian Commodity Exchange for September delivery declined 39 to 1174 yuan 18133 per tonne. Iron ore spot prices tumbled overnight to below US200tonne for the first time since May. The steelmaking commodity is a key source of income for big miners including BHP and Rio Tinto.

Benchmark 62 Fe fines imported into Northern China CFR Qingdao were. The physical iron ore price hit 200 a tonne on Friday down from 233 earlier this month according to a price assessment from SP Global Platts. So far its been bad news for all of August with iron ore prices trading consistently around US172 A234 for the last three weeks.

The physical iron ore price hit 188 a tonne on Monday down from a record high of 233 earlier this month according to a price assessment from SP Global Platts. Iron ore prices have fallen 30 per cent this month and on Wednesday tumbled to their lowest levels since March after miner BHP warned that benchmark prices were likely to be lower over the next. Fastmarkets iron ore indices 62 Fe fines cfr Qingdao.

Download the 40yr price history. Iron ores price has experienced a huge crash with a whopping 40 per cent drop in the past month alone falling from a high of US233 A325 a tonne to below US130 A181. According to Trading Economics iron ore prices are currently US197tonne.

Prices fell 77 to US16930t according to CommBank while Fastmarkets saw them down US1214 to US17155t this morning after a 56 drop in Dalian futures on Thursday. Growth in China the worlds largest consumer of metals has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for Chinas economic health.

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