Spot iron ore prices in Chinese market moved down marginally on weak demand. Australian PB fines was concluded at around US$130-131/t CFR China, down by a dollar from last trade.
However Chinese traders say that prices will remain stable on low availability of stock at ports and also due to high crude Steel production in China. Prices will remain range bound this week.
Indian exporters had a good time last month as depreciated Rupee and high Iron ore prices gave better realizations. Exports have certainly increased in last one-two months.
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