Spot offers on Chinese ports kept unchanged sighting some stability in steel prices and sentiments.A cargo of PB fines of 61.5 Fe was heard to be sold at $115/t.
“There are not many buyers nor sellers in the market,prices might stabilize at these levels.” said a local iron ore trader based in China.
Indian 63.5/63 Fe unchanged at $124-125/t,CFR.In Indian local market there is some demand generating for low grade iron fines as traders anticipate some rise in spot prices in coming weeks.
Sources say 52% Fe iron fines is sought for Rs 2,200-2,300/t (Delivered Vizag Port).
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