Trading activities in Chinese spot market shuts down as China goes on week long holiday for Lunar new year. Spot iron ore prices continued to stay strong in last two days on restocking and depleting stock of imported iron ore on Chinese port.
“Spot iron ore prices stood firm, Australian PB fines was asked for $153/t CFR, where as Indian 63.5/63 Cargo was at around $155/t CFR. Trading activities will start after 17th of Feb.” said a local iron ore trader based in China.
Indian mill scale moved up by $1-2 per tonne at around $140/t CFR China.
Leave a Reply