Spot Iron ore prices in China have moved up by 1.1% today. Fe 62% fines are at USD 56.8/MT, CFR China.
Post holiday weekend, Spot Iron ore market in China noticed a gradual increase in prices. Spot Iron ore prices went up by 1.1% (i.e USD 0.6/MT) today.
Global Iron Ore Prices
|
Particular |
Material Type |
Prices in USD/MT |
| Fe 62, Australia | Fines | 55 |
| Fe 62, Australia | PB Lump | 63 |
| Fe 65, Brazil | Fines | 59 |
| Fe 65, Brazil | Lump | 65 |
| Fe 64/63, South Africa | Lump | 70 |
| Fe 64.5, South Africa | Concentrate | 63 |
| Fe 63/62, India | Fines | 56.8 |
| Fe 61/60, India | Fines | 51 |
| Fe 59/58, India | Fines | 47 |
| Fe 58/57, India | Fines | 34 |
CNF China prices
Source: SteelMint Research
Vale plans to curb Iron Ore Production
Recently, it was reported that the Brazillian miner- Vale, might also cut Iron ore production by upto 30 MnT over the next two years. Earlier, another major miner-BHP Billiton had earlier announced that it would delay its planned Iron ore expansion.
China’s Factory Output drops in Apr’15
China’s Purchasing Managers Index (PMI) fell to 48.9 in Apr’15 against 49.6 in Mar’15. China witnessed a weak start in Q2 2015 amid weak economic growth. Slow pace in construction activities forced China’s factory output to record its biggest fall in Apr’15.
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