With iron ore prices in Chinese spot market gaining 30% in the month of December, Indian exporters and miners also raised their offers in International market.
Recently a large miner and exporter based in Eastern part of India had heard to be offering 63.5/63 iron ore fines at around $155-156/t CFR China.
“Exporters have raised offers on rising prices in global market, big miners are offering 63.5/63 at around $155-156/t CFR, where as medium and small exporters are offering same grade at around $152-153/t CFR in small quantities. Overall stock positions on various Indian ports are less than one million.” said an industry expert based in India.
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