China: Iron ore market remains stagnant over the week

Saturday, July 02,

Highlights of the week

 

* Spot iron ore prices remain unchanged over the week with very few physical spot deals heard being concluded. 

 

* Offers for Fe 63.5/63 of Indian cargo lied between $175-177/MT i.e. back to the quotes seen in mid-March.

 

* Prices in iron ore forward swaps market extended losses throughout the week reflecting investor expectations of further decline in spot prices

 


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