Australian and Indian iron ore prices decline significantly

SteelOrbis has learned from market sources that Australian PB fines with 61.5 percent iron content are quoted at $138-140/mt CFR in China, decreasing by $5-6/mt as compared to last week, while the price for Australian Yandi fines with 58 percent iron content has indicated a decline of $6/mt as compared to last week and is now at $124-125/mt CFR.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content is now standing at $140-142/mt CFR, while the price of Indian fines with 61-62 percent iron content is currently standing at $130-132/mt CFR. Both price ranges have decreased by $6/mt as compared to last week.