Iron ore prices in Chinese spot market kept unchanged on slow buying interest. Chinese buyers prefer to wait and watch as they anticipate prices may fall further .Australian PB fines stable at $138/t CFR levels and Indian 63.5/63 at around $139/t CFR levels.
Steel prices in Chinese domestic market more or less remained unchanged, although export offers are under pressure on weak global demand.
Indian Domestic Market
Indian traders offering 55/54 Fe iron ore fines at around Rs 2,800-2,900/t delivered Vizag port and Rs 2,400/t to Haldia port. Buying activity has not been aggressive looking at fluctuating spot prices in Chinese market.
Mill scale offers stable at Rs 5,100/t delivered Vizag port.
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