With Chinese market remaining close today, spot iron ore fines (Fe 62%) prices remain stable at USD 60.6/MT, CFR China.
On account of dragon boat festival, iron ore market in China remained closed. Thus, there was minor change in the spot iron ore prices. Fines (Fe 62%) prices fell by 0.2% to USD 60.6/MT, CFR China.
Recently it was reported that Rio Tinto – one of the world’s largest iron ore miner expects domestic steel demand in China to remain weak owing to infrastructure sector which has remained dull since a year.
Global Iron Ore Prices
|
|
Material Type |
|
| Fe 62, Australia | Fines | 61 |
| Fe 62, Australia | PB Lump | 73 |
| Fe 65, Brazil | Fines | 65 |
| Fe 65, Brazil | Lump | 72 |
| Fe 64/63, South Africa | Lump | 76 |
| Fe 64.5, South Africa | Concentrate | 69 |
| Fe 65/64.5, South Africa | Fines | 67 |
| Fe 63/62, India | Fines | 60.6 |
| Fe 61/60, India | Fines | 55 |
| Fe 59/58, India | Fines | 51 |
CNF China prices
Source: SteelMint
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