China’s imported iron ore quotations dropped by RMB3-5/tonne in the morning. In Shandong, PB fines, Newman fines, Jimblebar fines and PB lumps quoted at RMB505/tonne, RMB520/tonne, RMB465/tonen and RMB710/tonne. In Tangshan, PB fines, PB lump and Jimblebar fines priced at RMB540/tonne, RMB720/tonne and RMB485/tonne respectively. Traders’ shipment sentiment is favorable with active quotations, leading to the increase of transaction volumes. Steel mills expressed that they will increase procurement for the upcoming National Day holiday and the inquiries were active today. While partial steel mills remained on-demand purchasing. They take a wait-and-see attitude toward the later prices.
Transactions were active today. In Shandong, Jimblebar fines, PB lumps, PB fines and Yandi fines traded at RMB455/tonne, RMB705/tonne, RMB503/tonne and RMB450/tonne. In Tangshan, PB fines, Jimblebar fines, Newman lump and SSF closed at RMB530/tonne, RMB457/tonne, RMB710/tonne and RMB313/tonne.
Sources:XINDE MARINE NEWS
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