Spot iron ore prices have been offered at same levels as China celebrates national holiday.
“There is not much of activity happening in the market at present.Markets are waiting for Chinese to come back. Spot iron ore prices should stay high on higher steel prices.” said a large merchant exporter based in Kolkata
Currently prices for 63.5/63 are hovering around 151/t CFR and 134-135/t FOB Vizag, he further added.
It is also reported that waiting period of vessels at Vizag , paradip and Haldia have gone up by 2 days.
LAST TRANSACTIONS
1. Sesa Goa heard concluded a deal of 58% fines at 131/t CFR, where as another Indian exporter fetched $103/t for 52% fe CFR from Vizag port.
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