Iron ore prices have declined amid fluctuations by a total of $7.3/mt since Friday, March 17, due to the downward pressure exerted by buyers as a result of the high inventory levels of iron ore at Chinese ports.
Source of offer | Destination | Product | Iron content | Price ($/mt) | Daily price change ($/mt) | Sales term |
PB fines | 62% | 84.8-85.2 | -1.3 | CFR China | ||
Indian fine ore | 63.5% | 85-85.4 | -1.3 | CFR China | ||
Brazil fine ore | 65% | 98.5-99.5 | -1.5 | CFR China |