Spot 63.5/63 Fe fines stable at $125-126/t CFR China

Spot iron ore prices in Chinese market kept unchanged.Trading activities kept limited as buyers are still not confident on sustainability of steel demand.No major deals were heard concluded from Australian and Brazilian miners.

Australian PB fines of 61% fetched $125-126/t in last tender.

Indian 63.5/63 Fe iron fines stay firm at $125-126/t CFR, although total available stock for exports at different ports of India stay below 1 million at the moment (data collected from different ports of India), which includes exporters like Rungta, Royal lines, Essel and SM Niryat.


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