Quotation
of imported iron ore on Tangshan market remains roughly flat on Friday.
Then
the prevailing quotation on the market: PB fines is 640-645 yuan/t; PB
lump is 830-835 yuan/t; Jimblebar fines is 560-570 yuan/t; Super Special
fines is 530-535 yuan/t; Brazilian IOCJ is 785-790 yuan/t.
After the futures price rose, traders are inactive in selling
spot iron ore products at a low price. Meanwhile, with the centralized
procurements at the beginning of the week, many steelmakers purchase iron
ore mainly as needed on current sluggish steel sales, bringing slack
transactions. Therefore
SteelHome considers that prices of iron ore may slightly fluctuate in the
near term.
Link: Chinese
Traders' Quotation of Spot Iron Ore at Ports for Feb 14
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(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837) |