Rising iron ore prices in Chinese market have prompted Indian merchant exporters to look for iron ore fines from domestic market.
Market participants highlight that, although export volumes from India will not be as high, but some trading activities have taken place in past few days. Cargo of 62.5/62 Fe have been heard sold to a merchant exporter at Rs 3,700-3,800/t delivered Vizag port.
Current prices for same grade in international market is around $130/t CFR China.
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