Iron Ore market sentiment picked up on Friday, with futures on the Dalian bourse and Shanghai rebar futures both rallying around 1%, while traders reporting a slight uptick in enquiries for spot ore, said The Steel Index.
Transaction prices caused some confusion, however, with a vast disparity seen between prices paid for PB fines and other products.
PB sold once via tender at over 82, and again on CBMX at 83 – both basis 61% Fe - and on globalORE at 83.5 basis 62% Fe. Other Australian and Brazilian 61-62% Fe products (albeit with higher impurities) were trading privately below 80, while a cargo of 62% Fe “MNP” fines traded at 81 on globalORE.
A Brazilian miner sold 63.11% Fe fines in a floating price tender. Prices for stockpiled iron ore imports at major Chinese ports held firm again. Billet prices in northern China gained RMB 20/t.
All prices US$/dmt CFR China unless otherwise stated.
Source: Shanghai Metals Market
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
![Steel Insights](/assets/images/news/coal-insights.jpg)
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
![Steel Insights](/assets/images/news/ICMW_Jan09.gif)
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
![Steel Insights](/assets/images/news/ISMW.gif)
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
![Steel Insights](/assets/images/news/SteelInsights.jpg)
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.