Today, iron ore prices in China went up further by 3% (USD 2/MT)
Iron ore prices in China moved up further by USD 2/MT. Fe 62% fines are at USD 49.9/MT, CFR China.
Week 28-Key Highlights
- The week began at USD 52/MT levels, then prices witnessed a downtrend till mid week.
- Prices hit a new 10-year low of USD 44.1/MT, CFR China. Previously, the 10-year low was USD 47/MT, CFR China. It was last seen in Apr’15 and had then bounced back.
- Prices started witnessing an uptrend since yesterday which continued today also.
Global Iron Ore Prices as on 10 July’15
| Particular | Material Type | Prices in USD/MT |
| Fe 62, Australia | Fines | 49.9 |
| Fe 62, Australia | PB Lump | 56 |
| Fe 65, Brazil | Fines | 50 |
| Fe 65, Brazil | Lump | 58 |
| Fe 64/63, South Africa | Lump | 61 |
| Fe 64.5, South Africa | Concentrate | 55 |
| Fe 65/64.5, South Africa | Fines | 53 |
| Fe 63/62, India | Fines | 49 |
| Fe 61/60, India | Fines | 43 |
| Fe 59/58, India | Fines | 39 |
CNF China prices
Source: SteelMint
China Spot Iron prices-Week 28 vs Week 27
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