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Limited Trades keep Indian Low-Grade Iron Ore Fines Export Price Unchanged

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Fines/Lumps

BigMint Bureau

691 Reads

14 Mar 2020, 16:19 IST

Limited Trades keep Indian Low-Grade Iron Ore Fines Export Price Unchanged

Indian low-grade iron ore fines export prices remained stable this week. SteelMint's assessment for Fe 57% fines remains unchanged at USD 57-59/MT, CFR China as against last week.

SteelMint learned from its trusted sources that after a couple of deals being concluded early this week. Most of them are dispatching existing orders as per the reliable sources.

With over 58% of construction projects nationwide including both real estate development and infrastructure projects after the prolonged Chinese New Year holiday, market sentiments are expected to remain supported.

As per data compiled by SteelHome consultancy, iron ore inventory at major Chinese ports recorded at 126.3 MnT as of 12th Mar as against 126.25 MnT assessed a week ago.

Spot iron ore fines price increased marginally W-o-W - Chinese spot iron ore fines (Fe 62% ) prices increased by USD 1/MT this week to USD 91/MT, CFR China against USD 90/MT, CFR China a week before.