Spot Iron ore prices
on Monday continue to be on the same level with Indian fines Fe 63.5/63 at
$142-144/MT CFR China.
Offers for
Australian Newman fines also remained unchanged at $138-140/MT (CFR China).
Indian exporters quoted low grade Iron ore fines at Rs 2,700-2,800/MT for Fe 53/54, Fe 56 was quoted at Rs 2,900/MT and Fe 58 at Rs 3,200/MT (FOR Vizag).
“Some steelmakers who are out of stock returned to the
market last week, but their purchasing was modest and restricted to the required quantity,” said one
iron ore trader in Tianjin.
In the Shanghai Futures exchange, rebar futures opened
slightly low on Monday. The most active contract Rb 1205 opened at 4225 yuan
($668/MT) i.e. down from the previous close of 4226 yuan.
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