Ex-Australia iron ore prices, which were recorded at $71-71.5/mt CFR China in January 2015, have returned to this high price range, reaching $70.8-71.30/mt CFR China today, November 9, amid the ongoing upward movement of the Chinese steel futures market.
Source of offer | Destination | Product | Iron content | Price ($/mt) | Daily price change ($/mt) | Sales term |
Australia | PB fines | 62% | 70.80-71.30 | +2.75 | CFR China | |
India | Indian fine ore | 63.5% | 71.30-72.30 | +2.75 | CFR China | |
Brazil | Brazil fine ore | 65% | 73.30-74.30 | +2.75 | CFR China |