Spot iron ore prices in Chinese market moved up marginally by 5-10 Yuan, however trading activities will remain low on celebrations of Good Friday (29th Mar, Friday).
Meanwhile, an Indian cargo of Fe 58 was heard to have concluded at around $119-120/t CFR China, said an exporter based in Mumbai. He also highlighted that offers for 57/56 are in the range of $111/t CFR and 63.5/63 at around $136-139/t CFR.
In Indian domestic market offers for Fe 57/56 are in range of Rs 2900/t delivered Vizag port and Fe 58 at around Rs 3200-3400/t delivered Vizag Port.
Last transactions for Australian PB fines was at $136-138/t CFR levels and Brazilian 63.5 iron lumps at around $142/t CFR China.
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