Iron ore fines stands at USD 135/MT CFR China for Fe 63.5/63, with no changes seen its prices.
“No big transactions were seen, as traders were not willing to sell the ores below the existing prices and buyers are bearish, looking into falling billet prices” said sources.
The spot prices for Fe 61.5 PB fines stand at around RMB 910/WMT at Qingdao Port and foreign quotes are at USD 133/DMT CFR China. Currently, Square billet prices stand at RMB 2,930/MT (EXW; VAT included) in Tangshan. The most active Fe 62 Iron ore contract for May delivery closed at RMB 893/DMT on Monday, down by RMB 4/DMT.
China based traders sold Iron ore fines on the following prices at various ports:
| Material description | Grade | Price | Port |
| PB fines | Fe 62 | RMB 900/MT | Shandong port |
| PB fines | Fe 61 | RMB 910/MT | N. China port |
| MAC fines | Fe 61 | RMB 910/MT | N. China port |
| Brazilian fines | Fe 60 | RMB 825/MT | Shandong port |
| Yandi fines | Fe 57.5 | RMB 810/MT | Shandong port |
| SSF | Fe 56.5 | RMB 780/MT | Shandong port. |
India
Supreme Court on Monday refused to allow the Centre’s plea to raise annual Iron ore productions in Karnataka to 50 MnTpa to meet the Steel industry’s demand.
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