Spot iron ore prices in Chinese market remained stable with slight improvement in domestic steel prices. Australian PB fines of Fe 61.5 offered in the range of $134-135/t CFR China, where as Australian Fe 62 fines sold at $134.8/t CFR China on Global Ore platform.
Indian Fe 63.5/63 iron ore fines also kept stable at $134-135/t CFR China, although not many sellers were seen in the market. Sources say that big miner/ exporters hold their offers in the range of $138/t CFR for 63.5/63 fines.
Another Indian merchant exporter highlighted that there were quite a few deals concluded in the starting of this month. Although it has come down with falling prices in Chinese market. Currently Fe 56/55 is being offered in the range of $109/t CFR.
He also mentioned that a cargo of 20,000 tonnes of Mill Scale was concluded at around $135/t CFR last week from Indian east coast.
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