Spot iron ore prices in Chinese show resistance as Chinese economic growth looses momentum according to data posted by Chinese National Bureau of Statistics.
There were offers from Australian sellers at $141/t for PB fines of Fe 61.4, but failed to make any physical trade. In the same lines Indian iron ore prices reach $140-141/t CFR China, though Indian supply has been very very limited for high grade cargoes.
Indian Domestic Market
Indian traders maintain their offers, although increasing truck freight charges are weighing on margins. Fe 58 cargo was heard traded at around Rs 3,200-3,250/t delivered Vizag port.
Another trader reported to have closed a deal of 2000 tonnes of Mill scale at around Rs 5,200-5,250/t delivered Vizag port.
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