August 10,
· The CNF prices of Brazil Fe 65% and Australia Fe 62% grade saw an increase of 4 to 5 dollars per MT. Reason could be shift in focus of Chinese buyers towards these markets.
· The CNF price of Fe 58/57 grade Indian Iron ore fines increased by $4 to $106/MT whereas the price for other grades remained stable.
· The freight rates on Brazil and Australia route have increased which are as follows:-
|
Route |
Avg. Ocean Freight rate ($/tonne) |
Change from previous price |
|
Brazil to China |
22.35 |
+0.88 |
|
Australia to China |
9.01 |
+0.39 |
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