Futures prices on the Dalian Commodity Exchange and the Singapore Exchange were downon Monday March 9, with physical seaborne market trading muted while buyers take a wait-and-see approach.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $87.96 per tonne, down $2.23 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $89.27 per tonne, down $2.01 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $77.13 per tonne, down $2.37 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $102.90 per tonne, down $1.60 per tonne.
62% Fe fines, fot Qingdao: 649 yuan per wet metric tonne (
62% Fe China Port Price: $85.66 per dry tonne), down 23 yuan per wmt.
Key Drivers
In China, participants sounded caution about shrinking mill margins, but agreed that buyers...