DAILY: China portside iron ore prices firm, trading thin
Sep 25, 2020 19:17
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Prices for imported iron ore in China’s portside and seaborne markets remained largely stable on September 25, with Mysteel’s PORTDEX 62% Fe Australian Fines index staying unchanged at Yuan 896/wmt ($171.8/wmt) on FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price nudged up by a tiny $0.15/dmt on day to reach $115.9/dmt CFR Qingdao.
On Friday, offer prices for iron
ore port stocks were mixed, with some sellers holding relatively low stocks choosing
to firm their offering prices, while others lowered theirs by as much as Yuan
5/wmt to try and win business.
In response, the domestic steel
mills marked time as many had basically completed their scheduled