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of imported iron ore on Tangshan market drops by 5-10 yuan/t on Friday.
the prevailing quotation on the market: PB fines is 650-655 yuan/t; PB
lump is 780-785 yuan/t; Jimblebar fines is 590-600 yuan/t; Super Special
fines is 545-550 yuan/t; Brazilian IOCJ is 730-735 yuan/t.
traders are active in shipping iron ore products on such weak market
performances. Mills, however, are inactive in iron ore procurements as
many purchased goods as needed, bringing slack transactions today.
SteelHome predicts that prices of iron ore in China market may keep
fluctuating in the short run.
Traders' Quotation of Spot Iron Ore at Ports for Nov 8