Friday, February 25,
Spot iron ore fines prices in China remained unchanged and buying interest declined sharply on concerns over slowing demand with steel mills expecting further declines.*
Fe 63.5/ 63 Indian cargo is being quoted at $189/MT and Fe 63/62 is being quoted at $185/MT
Comments by:
Traders: “The overall market is still under a bearish atmosphere. It is still too early to say when a turning point will come. I have not heard of China buying from many days, and even enquiries are less. I had no enquiries since 15-20 days; the last deal was done in the first week of January”
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