Physical iron ore prices tumbled on Monday May 21 in line with losses in the futures market.
Metal Bulletin 62% Fe Iron Ore Index: $65.30 per tonne cfr Qingdao, down by $1.62 per tonneMetal Bulletin 58% Fe Premium Index: $53.82 per tonne cfr Qingdao, down by $0.60 per tonneMetal Bulletin 65% Fe Iron Ore Index: $84.10 per tonne cfr Qingdao, down by $1.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 472 yuan per wet tonne (implied 62% Fe China Port Price $64.70 per dry tonne), down by 9 yuan per tonneKey driversChina's ferrous futures fell across the board during...