IRON ORE DAILY: Prices rangebound on supply disruption in Australia, Brazil

Physical iron ore prices were rangebound on Monday March 25 amid mixed news about Australian and Brazilian supplies.

MB 62% Fe Iron Ore Index: $85.81 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.93 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87.40 per tonne cfr Qingdao, down $0.95 per tonne. MB 58% Fe Premium Index: $76.85 per tonne cfr Qingdao, down $0.72 per tonne. MB 65% Fe Iron Ore Index: $96.40 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 625 yuan per wet metric tonne (implied 62% Fe China Port Price $82.74 per dry tonne), up 2 yuan per wmt. Key drivers The Australian ports of Ashburton, Dampier and Port Hedland all halted operations on Friday March 22 and remain closed, the Pilbara Ports Authority said in its latest update about cyclone Veronica on Monday morning. The direct impact of the cyclone should be fading and the ports could resume iron...

Published

July Zhang

Alex Theo

March 25, 2019

12:47 GMT

Shanghai, Singapore