IRON ORE DAILY: Prices drop in wake of futures retreat

Physical iron ore prices weakened on Thursday March 28 following losses in the futures markets.

MB 62% Fe Iron Ore Index: $84.68 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.80 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.93 per tonne cfr Qingdao, down $0.17 per tonne. MB 58% Fe Premium Index: $76.97 per tonne cfr Qingdao, down $0.12 per tonne. MB 65% Fe Iron Ore Index: $96.40 per tonne cfr Qingdao, down $0.10 per tonne. MB 62% Fe China Port Price Index: 623 yuan per wet metric tonne (implied 62% Fe China Port Price $82.34 per dry tonne), down 3 yuan per wmt Key drivers China’s steel and iron ore futures had trended up...

Published

July Zhang

Alex Theo

March 28, 2019

12:30 GMT

Shanghai, Singapore