Spot iron ore prices in Chinese market continued to remain stable on Monday. All though sentiments were slightly bearish. Meanwhile an Indian exporter is offering Fe 63.5/63 iron ore fines at around $124-126/t CFR from Indian East Coast.Australian cargo of Fe 62% was sold in the range of $118-120/t CFR on Global ore.
Most of Chinese trader anticipate that prices should hold firm at these levels looking at steel production in China.
In Indian domestic market, Fe 58-60% fines was heard sold at around Rs 2,650-2,750/t delivered Haldia port. Mill scale offers stable at Rs 5,100/t delivered Vizag port.
Leave a Reply