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Mar.28.2024 1USD=7.0948RMB
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SteelHome Express: Quotation of Tangshan Iron Ore Inches up on Increasing Procurement Interests

https://en.steelhome.com [SteelHome] 2019-11-15 18:41:13

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Quotation of imported iron ore on Tangshan market rises by 10-15 yuan/t on Friday.

Then the prevailing quotation on the market: PB fines is 645-650 yuan/t; PB lump is 780-785 yuan/t; Jimblebar fines is 580-590 yuan/t; Super Special fines is 535-540 yuan/t; Brazilian IOCJ is 730-735 yuan/t.

Meanwhile, on Shandang and Tangshan port, PB fines has been traded at the price of 638 yuan/t and 640 yuan/t respectively; on Lianyungang, PB fines has been traded at the price of 635 yuan, and Super Special fines at 525 yuan/t.

For mills, they have been active in iron ore procurements for fear that prices of iron ore products may rise in the near term when the futures has been rising lately.

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

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Nov 15


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