Physical iron ore markets on Thursday March 21 were relatively unfazed by news of potentially more supply disruptions from Vale's Brazilian operations and from cyclone-hit Australia.
MB 62% Fe Iron Ore Index: $84.49 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.61 per tonne cfr Qingdao, up $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.64 per tonne cfr Qingdao, up $0.48 per tonne. MB 58% Fe Premium Index: $75.13 per tonne cfr Qingdao, up $0.13 per tonne. MB 65% Fe Iron Ore Index: $95.40 per tonne cfr Qingdao, down $0.20 per tonne. MB 62% Fe China Port Price Index: 625 yuan per wet metric tonne (implied 62% Fe China Port Price $82.89 per dry tonne), down 1 yuan per wet metric tonne. Key drivers Brazilian miner Vale has warned of another potential disruption to up to 10 million tonnes per year of iron ore production due to the suspension of its Alegria...