Iron ore prices were slightly weaker on Wednesday March 17 amid limited trading activity, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $166.19 per tonne, down $0.13 per tonne
62% Fe low-alumina fines, cfr Qingdao: $166.27 per tonne, down $0.13 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $151.99 per tonne, down $0.73 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $191.90 per tonne, down $0.60 per tonne
62% Fe fines, fot Qingdao: 1139 yuan per wet metric tonne (
implied 62% Fe China Port Price: $163.32 per dry tonne), down by 14 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) observed a downward trend during the morning trading session on Wednesday...