Spot iron ore prices in Chinese market remain unchanged on Wednesday as lot will depend on leadership transition taking place in China.
There are neither many buyers nor sellers in the market, no one is chasing the iron ore at the moment said an iron ore trader based in Rizhao port.
Indian miners almost stayed away from the market as they do not hold cargoes on factors like mining ban in Goa and no permits in Odisha.
Industry experts comment that exports might fall to 25-30 million tonnes this fiscal and exports of iron ore from India looks to be a dead story.
Indian miners/exporters kept their offers firm at $122-124/t CFR China for 63.5/63 Fe iron ore fines.Offers for 58% Fe stable around $101-102/t CFR China.
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