Iron ore price, page-11132

Just like I said yesterday, IO prices went too far down, a bit of recovery from yesterday.

MySteel IO Benchmarks for 21/3/2019:
- 62% Australian Fines RMB 624, up 6, month average 630.8
- 58% Australian Fines RMB 573, up 5, month average 579.3 (Discount 8.16%)
- 65% Brazilian Fines RMB 701, up 6, month average 710.5

Here are IO port prices for 21/3/219:

1. Qingdao Port:
- PB Fines 616, up 6
- FMG BF 576, unchanged (Discount 6.49%)
- FMG SSF 521, up 4 (Discount 15.4%)

2. Rizhao Port:
- PB Fines 616, up 6
- FMG BF 576, unchanged
- FMG SSF 521, up 4

3. Caofeidian Port:
- PB Fines 620, up 1
- FMG BF 575, up 1
- FMG SSF 525, up 2

4. Tianjin Port:
- PB Fines 634, up 4
- FMG BF 585, up 1
- FMG SSF 535, up 10

5. Taicang Port:
- PB Fines 635, up 8
- FMG BF 593, unchanged
- FMG SSF 541, up 4

Nice recovery from over reaction yesterday.

DYOR
Frank