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Mar.28.2024 1USD=7.0948RMB
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SteelHome Express: Quotation of Imported Iron Ore Roughly Flat as Chinese New Year Approaching

https://en.steelhome.com [SteelHome] 2020-01-21 16:48:06

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Quotation of imported iron ore on Tangshan market remains roughly flat on Tuesday.

Then the prevailing quotation on the market: PB fines is 710-715 yuan/t; PB lump is 875-880 yuan/t; Jimblebar fines is 625-630 yuan/t; Super Special fines is 570-575 yuan/t; Brazilian IOCJ is 835-840 yuan/t.

As many iron ore traders are on vocation, the volume of quotation has declined. Meanwhile, for mills, they are inactive in procurements since many had finished winter restocking.

Therefore, SteelHome considers that prices of imported iron ore in Tangshan may remain roughly flat in the short run.

Link: Market price of Imported Iron Ore at Jingtang Port for Jan 21, 2020

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