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

Then the prevailing quotation on the market: PB fines is 645-655 yuan/t; PB lump is 850-860 yuan/t; Jimblebar fines is 585-590 yuan/t; Super Special fines is 525-530 yuan/t; Brazilian IOCJ is 800-805 yuan/t.

As most steelmakers finished iron ore procurements early this week, today¡ˉs inquiries are slack on the overall market. Meanwhile, traders focus on shipping iron ore products.

Currently, local mills have increased procurements of Mac fines instead of Jimblebar fines due to the supply of High Fe grade Jimblebar fines is relatively tight in Tangshan.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Apr 3