Trading activity in the physical iron ore market remained thin on Monday March 26 although prices appeared to have gained some stability.
Key driversChina's benchmark steel and iron ore futures contracts closed 1.9-2.8% lower in comparison with their settlement prices last Friday, though on a close-on-close basis, the latter ended a bit higher.The signs of stabilization discouraged sellers of iron ore at Chinese ports from letting go of their cargoes at the same levels as last Friday's transaction prices - for example, 440 yuan per wet metric tonne for Pilbara...