Indian low-grade iron ore fines export price seen a slight upward movement this week. SteelMint’s assessment for this week at around USD 56-58/MT, CFR China as against last week’s assessment at USD 55-57/MT, CFR China. Prices have increased due to improved demand from China for low-grade ore.
Few deals were reported at USD 57-58/MT, CFR China this week. Sources reported to SteelMint, one of the major Odisha miner concluded low-grade fines (Fe 58/57) deals at around USD 59/MT, CFR China during this week.
Spot iron ore prices inch up W-o-W-: Chinese spot iron ore prices stands at USD 85.45/MT CFR China on 17th April, against USD 84/MT CFR, China towards the end of weekend. However, on a monthly basis index prices are down by USD 2/MT CFR China.
Iron ore stocks at Chinese ports decline- As per data compiled by SteelHome consultancy, Iron ore inventory at major Chinese ports decreased to 118.55 MnT as on 16th April as against at 119 MnT assessed a week ago.
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