China Domestic: Experiences a rise, in wire rod and rebar market
The wire rod and rebar market witness a break in the fall, with prices up by RMB 10-20/MT in partial regions
The most traders rebar contract for May delivery opens at RMB 3630/MT, up by RMB 3/MT from yesterday’s close.
Square billet prices in Tangshan stand at RMB 3010/MT, up by RMB 20/MT from a day ago.
The most active iron ore futures for May delivery closed 1.29% higher at RMB 942/DMT.
Yanshan Steel today awards bidding at RMB 3012/MT, down by RMB 41/MT from a week ago.
China Imports: Iron ore market records a downside
Spot prices for 61.5%Fe PB fines slips by RMB 10/MT to RMB 910/WMT at Qingdao Port
Foreign quotes for 61.5%Fe PB fines falls by USD 1/MT to USD 135/DMT CFR China.
Rio Tinto sold a ship of PB fines at USD134.9/DMT via spot tender.
Vale called a tender of 64.7% IOCJ fines departing from Subic on Nov 26 – Dec 6, 2013 (but could not find buyer up to the moment).
Carajas fines were quoted at USD 149.5/DMT
Yandi fines were sold at USD 123/DMT
USD 1 = RMB 6.0891 as on 20 Nov 2013
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