Iron ore fines prices in Chinese market continue to move up on limited supply of ready cargo on Chinese port. Sources highlight that trading activities will fade out once Chinese new year start next week.
Buyers are willing to have secured supply of iron ore during these holidays, specially medium and small steel mills.
India:
Indian 63.5/63 Fe reaches at around $153-154/t CFR China
Indian 58% Fe fines heard to have sold at around Rs 3,350-3400/t (F.O.R Vizag port).
Indian 54% Fe fines heard to have sold at around Rs 2,450/t (F.O.R Vizag port).
Indian Mill Scale exporter willing to buy cargo at Rs 4,900-5,000/t (F.O.R Vizag Port, Excise extra).
Australia:
Australian PB Fines (Fe 61.5) trades at $152-153/t CFR China.
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