It is reported that iron ore import market continuing picking up in East China with prices up 10 year per tomes to 20 year per tonnes.
Spot price for Fe 63.5% per 63% is quoted at USD 73 per tonnes to USD 75 per tonnes and that for Fe 60% per 59% at USD 58 per tonnes.
Indian Fe 63.5% fines prevail at 610 year per tonnes to 630 year per tonnes; Fe 62% fines at 550 year per tonnes to 570 year per tonnes; Fe 61% fines at 510 year per tonnes to 530 year per tonnes; Fe 60% fines at 480 year per tonnes to 500 year per tonnes; Fe 59% fines at 450 year per tonnes to 470 year per tonnes and Fe 58% fines at 420 year per tonnes to 440 year per tonnes.
Import ore market holds flat with few deals while the spot ore price turns to be stable due to lower steel price and extremely wavy freight market. The spot ore materials at ports are scarce and the steelmakers are dull in purchasing amid lack of proper sources.
Source : Steel Guru