Seaborne iron ore prices dropped on Friday March 6 with traders becoming risk-averse ahead of the weekend, with concerns over the spread of the 2019-nCoV coronavirus and its effect on the global economy overwhelming what market participants described as "not bad to healthy" physical demand for iron ore.
Fastmarkets iron ore indicesFutures prices on the Dalian Commodity Exchange and Singapore Exchange retreated during the day, although market participants pointed that physical iron ore prices have fundamental support due...