Seaborne Iron ore fines prices remain unchanged today, standing at USD 132/MT CFR China for Fe 63.5/63.
[su_quote]Hardly any transaction or inquires are seen. The traders who are in need of cash are selling the ore at loss below the going prices in the port. Steel mills are buying very cautiously and producing in a restricted manner, owing to limited demand in market and the strict environmental regulations[/su_quote] said sources.
One of the trader based in Vizag said that they are offering Fe 59/58 at around USD 97/MT FoB Vizag port looking into the stable demand in China.
In Spot trading, prices for Fe 61.5 PB fines stands at RMB 900/WMT at Qingdao Port and foreign quotes are at USD 130/DMT CFR China.
Billet prices improves standing at RMB 2,940/MT (EXW; VAT included) in Tangshan. The most actively traded Fe 62 Iron ore contract for May delivery closed at RMB 888/DMT, down by RMB 2/DMT from previous close.
China based Traders sold Iron Ore Fines on the following Prices at Shandong Ports
| Material description | Grade | Prices |
| PB fines | Fe 61 | RMB 905/MT |
| PB fines | Fe 61 | RMB 900/MT |
| Yandi fines | Fe 57.5 | RMB 810/MT |
| Yandi fines | Fe 57.5 | RMB 805/MT |
| SSF | Fe 56.5 | RMB 780/MT |
USD 1 = RMB 6.1008
Global Iron Ore Fines prices (in USD/MT) as on 10 Jan, 2014
| Grade | Load port | CFR China | D-o-D Change |
| Fe 62/61 | Vizag/Paradip, India |
127 |
0 |
| Fe 59/58 | Vizag/Paradip, India |
115 |
0 |
| Fe 53/52 | Vizag/Paradip, India |
86 |
0 |
| Fe 61.5 | Dampier/Cape Lambert, Australia |
130 |
0 |
| Fe 63.5 | Ponta Da Madeira, Brazil |
137 |
– 1 |
Prices on DMT basis
India- Single Port Loading*
India
In the month of December, India has exported 1.3 MnT of Iron ore, increase by 24.8% M-o-M. Bagadiya Brothers was the biggest exporter of Iron ore, exporting around 0.9 MnT. Out of total exports in December, 0.56 MnT of Iron ore were exported from Paradip Port.
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