Indian large miners/ exporters have preferred to keep their export offers unchanged for iron ore fines on improved demand in China and strong Rupee against US dollar.
” We are offering our high grade (63.5/63) cargoes at around $155/t CFR China . Also Chinese demand is good as port inventories have gone down last week. Although strong Rupee has reduced our realizations.” said an export manager with one of the large mining company based in East India.
Market participants also highlight that medium and small exporters are offering same cargo at some concessional rate.
Indian mill scale offers in the range of $138-139/t CFR China (in Bulk).
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