Today, Iron ore fines market fell by USD 2/MT to reach at USD 132/MT CFR China for Fe 63.5/63.
This fall is being witnessed from past 2 days. The week got a cold start with no changes in prices for first two days, and then they begin to fall, by USD 1/MT and USD 2/MT respectively on Wednesday & Thursday.
[su_quote]Chinese Steel mills were bearish regarding the fines prices after studying the fall in Billet prices. The mills are waiting to purchase Iron ore fines at offers of around USD 130-131/MT CFR China for Fe 63.5. As the prices are steadily falling, it is expected to attract the Chinese buyers again [/su_quote]said sources.
The other key reason impacting fines demand is the pollution control rules by Chinese Government that led many sintering plants shut down their operation. Such mills have started using more Lumps & Pellets instead of sinter as blast furnace feedstock.
Global Iron Ore Fines prices (in USD/MT) as on 09 Jan, 2014
|
Grade |
Particular |
Load Port |
Unload Port |
FOB |
CNF |
|
Fe 63.5/63 |
India |
Vizag/Paradip |
China Main Port |
114 |
132 |
|
Fe 62/61 |
India |
Vizag/Paradip |
China Main Port |
109 |
127 |
|
Fe 61/60 |
India |
Vizag/Paradip |
China Main Port |
107 |
125 |
|
Fe 59/58 |
India |
Vizag/Paradip |
China Main Port |
97 |
115 |
|
Fe 58/57 |
India |
Vizag/Paradip |
China Main Port |
94 |
112 |
|
Fe 56/55 |
India |
Vizag/Paradip |
China Main Port |
82 |
100 |
|
Fe 53/52 |
India |
Vizag/Paradip |
China Main Port |
68 |
86 |
|
Fe 61.5 |
Australia |
Dampier/Cape Lambert |
China Main Port |
120 |
130 |
|
Fe 63.5 |
Brazil |
Ponta Da Madeira |
China Main Port |
115 |
138 |
Prices on DMT basis
India- Single Port Loading
FOB prices including demurrage
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