Despite stock falling at ports, iron ore prices continue to fall over weak demand and reduced imports.
Chinese iron ore stock as on 26 June’15 was recorded at 80.6 MnT, which is down by 1.2 MnT (1.5%) compared to last week.
Downtrend in spot iron ore fines (Fe 62%) prices continued today as well with buying sentiments remaining poor before weekend. Prices fell further by USD 1.7/MT today and stood at USD 54.1/MT, CFR China.
Global Iron Ore Prices as on 03 July’15
|
Particular |
Material Type |
Prices in USD/MT |
| Fe 62, Australia | Fines | 54.1 |
| Fe 62, Australia | PB Lump | 68 |
| Fe 65, Brazil | Fines | 59 |
| Fe 65, Brazil | Lump | 66 |
| Fe 64/63, South Africa | Lump | 71 |
| Fe 64.5, South Africa | Concentrate | 64 |
| Fe 65/64.5, South Africa | Fines | 62 |
| Fe 63/62, India | Fines | 56 |
| Fe 61/60, India | Fines | 50 |
| Fe 59/58, India | Fines | 46 |
CNF China prices
Source: SteelMint
China’s official manufacturing PMI (Purchasing Managers Index) stood at 49.4 in June’15 against 49.2 in May’15. Operating conditions continue to deteriorate at slower pace.
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