Source of offer |
Destination |
Product |
Iron content |
Price ($/mt) |
Daily price change ($/mt) |
Sales term |
Australia |
China |
PB fines |
62% |
59.75 |
-2.25 |
CFR China |
Brazil |
China |
Brazil fine ore |
65% |
64-65 |
-2 |
CFR China |
India |
China |
Indian fine ore |
63.5% |
61-62 |
-2 |
CFR China |
On March 5, 62 percent Fe content iron ore prices declined below the $60/mt threshold, to their lowest level in approximately six years.