Physical iron ore prices remained relatively stable for the third day in a row on Wednesday March 27, while supply lines from Australia began to recover from the impact of Cyclone Veronica.
MB 62% Fe Iron Ore Index: $85.11 per tonne cfr Qingdao, down $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.23 per tonne cfr Qingdao, down $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $87.10 per tonne cfr Qingdao, down $0.21 per tonne. MB 58% Fe Premium Index: $77.09 per tonne cfr Qingdao, down $0.13 per tonne. MB 65% Fe Iron Ore Index: $96.50 per tonne cfr Qingdao, up $0.10 per tonne.MB 62% Fe China Port Price Index: 626 yuan per wet metric tonne (implied 62% Fe China Port Price $82.94 per dry tonne), up 2 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3550 per dry metric tonne unit, down $0.0150 per dmtu.Key driversAustralia's Pilbara Ports Authority said on Wednesday morning that the Port of Dampier had resumed normal operations at 6am local time, after being closed for 132 hours,...