when does this rout stop
Asian iron ore prices crash below $50/dmt mark to $48/dmt CFR China
Singapore (Platts)--1Apr2015/659 am EDT/1059 GMT
Asian seaborne iron ore prices plunged below the pivotal $50/dmt CFR China level Wednesday, April 1, as the short-term price floor most market participants had in mind was decimated by an absence of buying interest, while both traders and producers continued to pump the market with spot offers.
Platts assessed the 62% Fe Iron Ore Index down $3.25 from Tuesday at $48/dry mt CFR North China, comfortably breaking the $50/dmt mark.
This also marks a historical low in the existence of the benchmark IODEX assessments.
Offers continued to flow into the spot market Wednesday while bids were few and far between.
fe price below $50
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Last
$21.62 |
Change
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Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
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