The major Australian PB ore fines (61%) are US$ 60.5 / ton (CIF), down by US$ 3 / ton compared with the previous trading day; the Australian Yangdi ore fines (58%) stand at US$ 56 / ton (CIF), down by US$ 3 / ton from the previous trading day; the Brazil ore fines (65%) record US$ 64.1 / ton (CIF), down by US$ 3 / ton from the last trading day. The trading prices of spot iron ore at ports fall by RMB 50 / ton, with few transactions registered. On March 9, the iron ore futures I1605 Contract on DCE closes at RMB 424 / ton, up by RMB 2.5 / ton from the settlement price of RMB 421.5 / ton for the previous trading day. The spot goods at Qingdao Port report RMB 450 / ton for the 61% grade PB fines of wet basis and RMB 479 / ton for the fines of dry basis, with the basis for the closing prices at RMB 55 / ton, down by RMB 39.5 / ton compared with the basis of RMB 94.5 / ton for the spot price and the settlement price on the previous day, and down by RMB 38 / ton compared with the basis of spot price and closing price at RMB 93 / ton.
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