IRON ORE DAILY: Prices little changed amid Australian supply recovery

Physical iron ore prices remained relatively stable for the third day in a row on Wednesday March 27, while supply lines from Australia began to recover from the impact of Cyclone Veronica.

MB 62% Fe Iron Ore Index: $85.11 per tonne cfr Qingdao, down $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.23 per tonne cfr Qingdao, down $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87.10 per tonne cfr Qingdao, down $0.21 per tonne. MB 58% Fe Premium Index: $77.09 per tonne cfr Qingdao, down $0.13 per tonne. MB 65% Fe Iron Ore Index: $96.50 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 626 yuan per wet metric tonne (implied 62% Fe China Port Price $82.94 per dry tonne), up 2 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3550 per dry metric tonne unit, down $0.0150 per dmtu. Key drivers Australia’s Pilbara Ports Authority said on Wednesday morning that the Port of Dampier had resumed normal operations at 6am local time, after being closed for 132 hours,...

Published

July Zhang

Alex Theo

March 27, 2019

12:43 GMT

Shanghai, Singapore