Physical iron ore trading was lackluster on Monday March 4 amid declines in the futures markets.
MB 62% Fe Iron Ore Index: $87.69 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.09 per tonne cfr Qingdao, down $0.23 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.88 per tonne cfr Qingdao, down $0.22 per tonne. MB 58% Fe Premium Index: $76.11 per tonne cfr Qingdao, down $1.74 per tonne. MB 65% Fe Iron Ore Index: $98.20 per tonne cfr Qingdao, up $0.10 per tonne. MB 62% Fe China Port Price Index: 645 yuan per wet metric tonne (implied 62% Fe China Port Price $85.61 per dry tonne), up 7 yuan per wet metric tonne.Key driversChina's benchmark rebar and iron ore futures contracts opened much lower on Monday after making...