Today, seaborne market Iron ore prices remain unchanged owing to decline in Billet prices and the tight liquidity in Chinese Steel mills.
The market reflects a bearish trend, with less inquires & transactions. Iron ore fines Fe 63.5/63 is offered at the same level, at around USD 129/MT CFR China.
A trader based in Vizag port informed,” We are offering Fe 58/57 at USD 109/MT CFR China.”
Foreign quotes for Fe 61. 5 PB fines remain unchanged at USD 127/DMT CFR China, whereas spot prices for Fe 61.5 PB fines dropped by RMB 10/MT to RMB 870/WMT at Qingdao Port. Currently, Square billet are offered at RMB 2,880/MT (EXW; VAT included) in Tangshan, fall by RMB 20/MT from previous close (last Friday).
China based Traders sold Iron Ore Fines on the following Prices at Shandong port:
|
Grade |
Material Description |
Price (RMB/MT) |
|
Fe 61 |
PB Fines |
865 |
|
Fe 57.5 |
Yandi fines |
800 |
|
Fe 57 |
FMB blend lumps |
820 |
|
Fe 57 |
SSF |
780 |
|
Fe 56.5 |
SSF |
780 |
USD 1 = RMB 6.1081
Global Iron Ore Fines Prices (in USD/MT) as on 20 Jan, 2014
|
Particulars |
Load Port |
Prices in USD/MT CFR China |
|
Fe 62/61 |
Vizag/Paradip, India |
124 |
|
Fe 59/58 |
Vizag/Paradip, India |
112 |
|
Fe 57/56 |
Vizag/Paradip, India |
103 |
|
Fe 55/54 |
Vizag/Paradip, India |
96 |
|
Fe 61.5 |
Dampier/Cape Lambert, Australia |
127 |
|
Fe 63.5 |
Ponta Da Madeira, Brazil |
133 |
Prices on DMT basis
India- Single Port Loading*
India
Miners of Iron ore in Odisha has kept offers unchanged for rest of the month owing to stable demand in market and Government restriction on Iron ore supply to domestic steel mills.
Export
On 19 Jan 2014, a vessel named Petrel Bulker was shipped from Haldia with 20,710 MT of Iron ore fines by Chamong (Bengal).
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