India: Low-Grade Fe Fines Export Prices Up Recently
Jun 02, 2020 10:00
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Indian low-grade iron ore fines export prices increased further by USD 1-2/MT towards weekend compared to price assessment made in mid of this week. However on a weekly basis, prices increased by USD 4-5/MT and the current assessment for Fe 58/57% fines stands at USD 66-67/MT, CFR China. Following price surge in spot iron ore fines due to supply concerns, low grade fines export prices also witnessed increment.
Deals reported at increased offers-:
--A global trading company concluded the deal for two-vessel of low-grade fines (Fe 57%) at around USD 66-67/MT, CFR China this week. The material shipment is scheduled for Jul'20.
--In another deal concluded towards mid of this week, an Odisha based miner booked one vessel for low-grade