DAILY: China’s portside iron ore prices stay stable
Apr 03, 2020 18:49
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China’s prices for imported iron ore at the port and seaborne markets remained stable on April 3, with Mysteel’s PORTDEX 62% Fe iron ore fines edging lower by a small Yuan 2/wmt ($0.3/wmt) on day to Yuan 647/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe ore fines nudged down by a similarly tiny $0.2/dmt on day to reach $82.7/dmt CFR Qingdao.
With Friday being the last trading
day of the week and the last working day ahead of China’s Qingming Festival
holiday Monday, some Chinese steel mills showed strong buying interest and
actively issued inquiries, purchasing ore products for replenishment.
For their part, iron ore traders
firmed their offers, with some holding back to await