Physical iron ore prices dipped on Monday December 24 following declines in China's steel and futures markets.
MB 62% Fe Iron Ore Index: $71.58 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.41 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.52 per tonne cfr Qingdao, down $0.64 per tonne. MB 58% Fe Premium Index: $63.67 per tonne cfr Qingdao, down $0.26 per tonne. MB 65% Fe Iron Ore Index: $86.10 per tonne cfr Qingdao, down $0.80 per tonne. MB 62% Fe China Port Price Index: 554 yuan per wet metric tonne (implied 62% Fe China Port Price $71.06 per dry tonne), down 5 yuan per wmt.Key driversThe billet price in north China's steel hub of Tangshan fell 70 yuan ($10.10) per...