Benchmark 62% iron ore’s
spot price stayed at $119.26 a tonne on Monday, based on SteelHome
consultancy data SteelHome
China Iron Ore Price Index (SHCNOI).
According to SteelHome
survey, traders were active in iron ore sales. For mills, only some
with rigid demand purchased iron ore today.
The most-traded iron ore
products were medium and low Fe grade Australian fines and lump
ores.
Currently, the supply of
tradable iron ore decreases on the spot markets, due largely to the
restricted shipments out of ports lately.
SteelHome considers that in
Tangshan, iron ore prices may observe rangebound movements.
Other Info: Price
Aggregates of Imported Ore at China Main Ports on Oct 19, 2020 |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |