Daily iron ore prices - January 22, 2014

Wednesday, 22 January 2014 12:20:53 (GMT+3)   |   Istanbul
       

 

Source of offer

Destination

Product

Iron content

Price ($/mt)

Daily price change

Sales term

Australia

China

PB fines

61.5%

122-123

-3

CFR China

Brazil

China

Brazil fine ore

65%

132-133

-3

CFR China

India

China

Indian fine ore

63.5%

124-125

-3

CFR China

Chinese steelmakers have reduced their iron ore purchases due to the softening of the steel markets, more difficult credit conditions and high costs of stocks. After receiving low firm bids, iron ore suppliers have also revised their price downwards and deals have been concluded at low levels in iron ore platforms, allowing offer prices to decline further.


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