Friday, Aug 19,
The recent tumult in global markets have not impacted the iron ore prices adversely as expectations for strong demand as well as supply tightness have supported price offers in Chinese spot market.
Offers for Indian fines Fe 63.5/63 remain steady at $186-187/MT, i.e. same as the previous quotes
Global price indexes, based on spot deals in China and which miners use as a gauge in setting contract rates, extended gains on Thursday. Iron ore with 62-percent iron content gained 30 cents to $177.10 a tonne, according to The Steel Index .
Prices of iron ore swaps sustained recent gains, with nearby contracts rising for a fourth straight session on Thursday, suggesting buyers remain optimistic about the strength in spot prices.
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