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Mar.29.2024 1USD=7.095RMB
  SteelHome >>Raw Material>>Market Info>>Daily Express
 
DAILY: China's Iron Ore Prices Broadly Stable amid Tepid Demand

https://en.steelhome.com [SteelHome] 2020-10-19 17:37:27

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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)
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