The weekly MB 66% Fe Iron Ore Concentrate Index stood at $96.73 per tonne cfr China on Friday, down by $0.90 per tonne from a week earlier.
The daily MB 65% Fe Iron Ore Index averaged $97 per tonne cfr China last week compared with $96.64 per tonne cfr China the previous week.
For the calculation of the MBIOI-CO, judgment was applied to calculate a fixed-price equivalent for activity on a floating-price basis. One data point was discarded as it was traded basis a river port destination and therefore falls outside the specification requirements for inclusion in the index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.
An 87,000-tonne, April-arrival cargo of 66% Fe...