Quotation
of imported iron ore on Tangshan market increases by 5-10 yuan/t on
Monday.
Then
the prevailing quotation on the market: PB fines is 685-690 yuan/t; PB
lump is 875-880 yuan/t; Jimblebar fines is 615-620 yuan/t; Super Special
fines is 555-560 yuan/t; Brazilian IOCJ is 830-835 yuan/t.
Currently, with the optimistic outlook, traders are inactive
in shipping iron ore products at a low price. Meanwhile, due to the large
stockpile of steel products in mills and production curbs in some steel
mills, most of steelmakers in this area are inactive in iron ore
procurements, bringing slack transactions today.
SteelHome considers that prices of iron ore may edge down in
the short run.
Link: Chinese
Traders' Quotation of Spot Iron Ore at Ports for Feb 24 |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |