Chinese spot Iron ore prices have declined further today. Fe 62% fines is currently at USD 52.9/MT, CFR China.
Spot Iron ore prices in China have fallen further by 2.2%. It had last touched USD 54.1/MT, CFR China level on 27 Mar, 2015. World’s leading miners continue to ramp up production and demand in China continues to remain weak.
Concerns over pollution has forced steel mills to reduce production especially in the northern province of China.
Global Iron Ore Prices
|
Particular |
Prices in USD/MT |
| Fe 63/62, India | 53 |
| Fe 63.5/63, India | 54 |
| Fe 61/60, India | 47 |
| Fe 59/58, India | 33 |
| Fe 58/57, India | 30 |
CNF China prices
Source: SteelMint Research
Iron ore stocks at Chinese major ports have also witnessed an increase. Stocks have rose from 96.35 MnT to 97.06 MnT W-o-W
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