Seaborne iron ore prices continue faltering

摘要

Continued weak steel margins dampened buying interest for seaborne cargoes Wednesday. S&P Global Platts assessed the 62% Fe Iron Ore Index at $87.30/dry mt CFR North China Wednesday, down $1.40/dmt from Tuesday. The front-month March TSI swap fell $1.10/dmt from Tuesday to $84.90/dmt. With lower buying levels heard from end-users at the ports, market sources said premiums for seaborne cargoes would continue to weaken, especially as steel prices remained depressed.