Limited supply from Indian exporters keep Iron Ore prices steady

Thursday, 21 July,

In the physical market Sellers push to push up the prices is well resisted by the buyers. With quality being an important concern the traded cargos are viewed with an element of suspicion at these high prices.

There is limited buying and limited high grade cargo available in the market.Prices are stable at this moment said an Indian exporter based in Mumbai.

Limited trades were reported at $ 183 per ton  for 63.5/63, $152 per ton for 59/58 and $150 per ton for 58/58. Two of the indices are showing mixed reaction to the market with TSI showing up USD 0.20 and MB showing down USD 0.54, which suggest lack of clear direction in the market.