China’s imported iron ore quotations remained unchanged in the morning compared with that of last Friday. Specifically, prices of lump and pellet firmed up with wide bargaining space for partial specifications. In Shandong, prices of PB fines, Roil Hill lump, PB lump and MAC fines quoted at RMB50/tonne, RMB585/tonne RMB695/tonne and RMB50/tonne respectively. Traders said that the inquiries were active today, while the main purpose was to watch the market. Steel mills expressed that the key traders increased the quotations today with large bargaining room. However, small traders’ quotations stayed unchanged with strong willing of shipment.
In Shandong, PB fines, Robe River fines, PB lump, MAC fines and Newman fines traded at RMB478/tonne, RMB330/tonne, RMB690/tonne, RMB465/tonne and RMB493/tonne respectively. In Tangshan, PB fines, Carajas fines, Jimblebar fines and SSF done at RMB510/tonne, RMB755/tonne, RMB450/tonne and RMB303/tonne separately. Generally, trading prices of lumps have increased slightly, while that of low-grade resources remained unchanged. Affected by the widening influences of production control policies, plus the dropping finished steel prices, China’s imported iron ore prices expected to remain at the low level.
Sources:XINDE MARINE NEWS
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