China quayside iron ore prices see first fall in two weeks

摘要

Singapore—Quayside iron ore prices ended a 2-weeks climb Tuesday on fear of global coronavirus outbreak and accumulating steel product stockpiles, amid mixed market views on future price trends. Pilbara Blend fines were heard traded at around Yuan 655-665/wmt FOT Rizhao ($93.40-$94.83/wmt), down Yuan 10-20/wmt on day, according to a Chinese trader. “Following a downturn in global markets last night on rising concerns of a global coronavirus spread, Chinese iron ore futures also dipped Tuesday and port offers were lowered,” a Chinese trader said.