IRON ORE PRICES: Benchmark index dips again amid sustained...

IRON ORE PRICES: Benchmark index dips again amid sustained pressure
High port inventory levels and environmental restrictions on production continue to exert pressure on seaborne iron ore prices.
Index of spot market Iron Ore prices delivered to China, normalized to Qingdao and 62% Fe US $ per tonne Daily

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3		Price	Change
4	15/05/17	60.80	–
5	STLM	68.68	-11.47%
6	STLY	54.54	11.48%
7	Monthly Averages
8	Apr 17	70.77	-14.09%
9	Mar 17	87.43	-30.46%
10	Feb 17	88.46	-31.26%

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Metal Bulletin’s 62% Fe Iron Ore Index
Today: $60.80 per tonne cfr Qingdao
Daily change: Down by $0.58 per tonne
Month-to-date average: $63.09 per tonne

Metal Bulletin’s 58% Fe Premium Index
Today: $52.09 per tonne cfr Qingdao
Daily change: Up by $1.78 per tonne
Month-to-date average: $54.14 per tonne

Dalian Commodity Exchange’s most-traded September contract
Today’s close: 457 yuan ($66.20) per tonne
Change from previous close: Up by 6.50 yuan ($0.90) per tonne