IRON ORE DAILY: Thin trading amid futures retreat

Physical iron ore trading was lackluster on Monday March 4 amid declines in the futures markets.

MB 62% Fe Iron Ore Index: $87.69 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.09 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.88 per tonne cfr Qingdao, down $0.22 per tonne. MB 58% Fe Premium Index: $76.11 per tonne cfr Qingdao, down $1.74 per tonne. MB 65% Fe Iron Ore Index: $98.20 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 645 yuan per wet metric tonne (implied 62% Fe China Port Price $85.61 per dry tonne), up 7 yuan per wet metric tonne. Key drivers China’s benchmark rebar and iron ore futures contracts opened much lower on Monday after making...

Published

July Zhang

Alex Theo

March 04, 2019

11:45 GMT

Shanghai, Singapore