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Dilapidation remained prevalent in iron ore market with price touching new low of USD 52.90 per tonne on last Friday. The main driver of slump if iron ore price is continued worries about rising supply from the mining giants as Chinese steel demand threatens to flatten amid slump in property sector. With key fundamentals remaining unchanged there seems no respite in vicinity

Week began with the worst fears coming seemingly getting closer with spot iron ore price level dipping by another 2%. Demand and supply imbalance continuing to haunt the market hopes of any revival kept dwindling with each passing day.

Benchmark 62 percent grade iron ore for immediate delivery to China .IO62-CNI=SI fell 2.2 percent to USD 52.90 a tonne on Monday. The figure is a record low since The Steel Index began releasing the data near the end of 2008.

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Metal Rate
30 Mar, 2015
Zn
2078
Ni
13040
Sn
17095
Al
1776
Cu
6109
Source: LME.co.uk
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Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
30 Mar, 2015
BDI
599
BCI
460
BPI
600
BSI
649
Source: DryShips.com
Currency Rate
31 Mar, 2015
USD
1.0000
AUD
1.3096
BRL
3.2294
CAD
1.2698
CNY
6.2044
EUR
0.9267
GBP
12.1541
INR
62.6114
JPY
120.1898
RUB
57.5515
ZAR
12.1541
Source: http://www.xe.com