Spot market prices held stable this morning. Traders are not active to submit quotations influenced by recent transactions, futures and derivative markets. Large traders deliver their cargos as planned. Small traders most hold a wait-and-see attitude towards the following market. Steel mills have weak purchasing desire supported by high iron ore stock level.
Spot market transactions still focus on mainstream middle and high grade fines. Specifically, Jimblebar fines transactions climb up rapidly at major ports of north China due to high grade and suitable prices. Newman lumps transactions keep fair and prices stand at a high level.
Sources:XINDE MARINE NEWS
Sources:XINDE MARINE NEWS
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