Tumbling equities takedown iron ore prices

摘要

Spot iron ore prices tumbledMonday as tanking equities hit consumerconfidence and buying interest. Platts 62%Fe IODEX was assessed $2/dry mt lowerat $54.25/dmt CFR Qingdao.Sources blamed China’s weakerPurchasing Managers’ Index for the stockmarket — and raw materials —rout. “Iguess [the] main reason for [iron ore weakening]is China’s PMI index came out lowerthan expected.