Physical iron ore prices continued to correct on Wednesday February 27, with buyers and sellers both cautious about taking any action.
MB 62% Fe Iron Ore Index: $83.54 per tonne cfr Qingdao, down $0.21 per tonne. MB 62% Fe Pilbara Blend Fines Index: $82.94 per tonne cfr Qingdao, down $0.21 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $85.80 per tonne cfr Qingdao, up $0.31 per tonne. MB 58% Fe Premium Index: $75.88 per tonne cfr Qingdao, down $0.24 per tonne. MB 65% Fe Iron Ore Index: $94.90 per tonne cfr Qingdao, down $1.60 per tonne. MB 62% Fe China Port Price Index: 625 yuan per wet metric tonne (implied 62% Fe China Port Price $83.06 per dry tonne), down 4 yuan per wet metric tonne.Key driversChina's benchmark ferrous futures contracts all posted brief gains on Wednesday morning...