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 |