DAILY: China imported iron ore prices stable, trading up
Nov 24, 2020 19:00
See Full-size Table Here
Prices for imported iron ore in China’s portside and seaborne cargo markets remained largely stable on November 24, with Mysteel’s PORTDEX 62% Fe Australian Fines index staying unchanged at Yuan 888/wmt ($134.5/wmt) FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price lifted slightly by $1.25/dmt on day to $127.35/dmt CFR Qingdao.
On Tuesday, traders in China’s
portside markets firmed their offering prices throughout the day, encouraged by
the positive sentiment evident in the domestic steel market.
For their part, steel mills
continued to wait on the sidelines amid the fluctuations in iron ore prices.
Only a few steelmakers purchased some tonnage today to make sure