UTC+8 ( BJT)

DAILY: China portside iron ore prices stable

Prices for imported iron ore in China's portside and seaborne markets were mixed on October 27. Mysteel's PORTDEX 62% Fe Australian Fines index decreased for a third straight day, slipping by Yuan 1/wmt ($0.15/wmt) on day to Yuan 859/wmt FOT Qingdao and including the 13% VAT, while the SEADEX 62% Fe Australian Fines price rebounded slightly, nudging up by $0.55/dmt on day to reach $115.65/dmt CFR Qingdao from Monday’s one-month low.
OnTuesday, buying interest among steelmakers for additional iron ore quantities at port was limited, as inquiries stayed low and some domestic steel mills held a wait-and-see stance. Consequently,even though iron ore traders were relatively active in tabling offers for their port inventories,trading overall remained mediocreas sentiment was still weak. Most traders


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227