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Nov.13.2019 1USD=7.0026RMB
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SteelHome Express: Quotation of Tangshan Iron Ore Dips on Decreased Procurement Interests from Mills

//en.steelhome.cn [SteelHome] 2019-11-08 17:15:09

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Quotation of imported iron ore on Tangshan market drops by 5-10 yuan/t on Friday.

Then 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.

Meanwhile, 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.

Therefore, SteelHome predicts that prices of iron ore in China market may keep fluctuating in the short run.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Nov 8

(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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