Chinese spot Iron ore prices have increased by USD 2/MT today. Fe 62% fines is currently at USD 52.9/MT, CFR China.
Spot Iron ore prices in China have gained 4% today and have moved up by USD 2/MT. Slight buying from steel mills has supported Spot Iron ore prices. The demand for steel in China continues to remain week.
Iron ore stocks at Chinese major ports have witnessed reduction. Stocks have fallen from 95.4 MnT to 94.2 MnT.
Global Iron Ore Prices
| Particular | Prices in USD/MT |
| Fe 63/62, India | 52.9 |
| 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
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