Spot iron ore prices in Chinese market kept stable with limited trading activities. After the unexpected high bid for the PB tender at $125/t CFR China, most buyers were cautious preferred to stay on sidelines. Market sources mention that selling pressure still prevails in market.
As far as exports from India are concerned, not many exporters are involved as current prices are much low. To give a tentative idea, Fe 63.5/63 iron fines is hovering around $124-126/t CFR China, but there are no deals done.
Leave a Reply