DAILY: China’s imported iron ore prices rise, trading up
Jul 06, 2020 19:01
See Full-size Table Here
China’s prices for imported iron ore for both port inventories and seaborne cargoes increased on July 6, with Mysteel’s PORTDEX 62% Fe Australian fines edging up by Yuan 5/wmt ($0.7/wmt) from last Friday to reach Yuan 795/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price also increased by $1/dmt from last Friday to $101.4/dmt CFR Qingdao.
On Monday morning, iron ore traders
in the port market were relatively active in selling their port inventories and
tried to hold their offering prices firm from last Friday’s levels. In the
afternoon, strengthening rebar prices encouraged some traders to try raising
their offers further by as much as Yuan 10/wmt, Mysteel Global noted.