Spot iron ore fines Fe 62% index has dropped to USD 103.5/MT, CFR China on Wednesday (29th May). The prices have dropped down from five year high levels of USD 108/MT, CFR China recorded towards beginning of the week. Prices have recorded decline amidst easing supply post Vale announcement of lower risk at collapsing of Gongo Soco mining pit.
News ID: 4702 Publish Date : 2019/05/31
West India (Rajasthan) based pellet maker - Jindal SAW has decreased pellet offers by INR 200/MT (USD 3/MT). Current offers for Fe 63% grade pellets have moved down to INR 8,300/MT (delivered Kandla) against the previous assessment of INR 8,500/MT at last week. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 4467 Publish Date : 2019/05/09
Central India based pellet maker - Shri Bajrang Power and Ispat Ltd has concluded two pellet export deals recently. SteelMint has learned from company officials that the deal has been concluded at around USD 117/MT, CFR China . Material shipment is scheduled for June.
News ID: 4450 Publish Date : 2019/05/07
Spot iron ore prices in China have observed downtrend this week. Fe 62% fines index which closed at USD 95.8/MT, CFR China on 12th Apr'19 fell and stood at USD 92.5/MT, CFR China yesterday.
News ID: 4393 Publish Date : 2019/05/02
Australia - world's largest iron ore exporter has recorded decline in export shipments in Jan19, according to the vessel line up data maintained with SteelMint.
News ID: 3912 Publish Date : 2019/03/09
Chinese spot iron ore fines prices this week have dropped yesterday by USD 4/MT to USD 90.2/MT, CFR China against USD 94.20/MT, CFR China towards last weekend. The prices have softened amidst low buying interest from Chinese mills post mills reopened on Monday after week long New Year holidays. The Chinese mills also seem to have enough stocks to fulfill demand in upcoming days.
News ID: 3859 Publish Date : 2019/03/06
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