Iron ore prices continued to retreat on Wednesday April 17 following news that Vale was permitted to resume operations at its Brucutu mine in Brazil, with capacity for 30 million tonnes per year.
MB 62% Fe Iron Ore Index: $93.23 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.01 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $95.54 per tonne cfr Qingdao, down by $1.16 per tonne.MB 58% Fe Premium Index: $84.34 per tonne cfr Qingdao, down by $1.40 per tonne.MB 65% Fe Iron Ore Index: $107 per tonne cfr Qingdao, down by $1.60 per tonne.MB 62% Fe China Port Price Index: 677 yuan per wet metric tonne (implied 62% Fe China Port Price $92.51 per dry tonne), down by 7 yuan per wmt.Key driversVale said late on Tuesday local time in Brazil, which was early on Wednesday in Beijing, that...