Spot iron ore prices in Chinese market remained stable with Chinese tomb sweeping holidays. No major transactions have been noticed in last two days. Australian PB fines of Fe 61.5 firm at around $135-137/t CFR and Indian 63.5/63 at around $135-137/t CFR.
“Virtually nothing heard on physical market due to Chinese holidays. Spot Iron ore market nearly at a standstill, although a cargo of 62% Australian fines for May trade on a platform at $138.00.
Indian exporters have kept their offers for Mill Scale firm at around $136/t CFR China (in Bulk). In Domestic market trades are taking place at around Rs 5,100/t (delivered Vizag Port).
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