Iron ore prices register increases in China following holiday

Tuesday, 09 October 2012 12:06:42 (GMT+3)   |  
       

Iron ore prices in China have registered increases as Chinese market players have returned to the market after the National Day holiday (October 1-7). Current prices are as follows:
 
SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content has moved up by $6-7/mt as compared to the end of September and now stands at $112-113/mt CFR, while the price for Australian Yandi fines with 58 percent iron content is standing at $104-105/mt CFR, indicating an increase of $9/mt as compared to the end of September.
 
In the meantime, the price of Indian fines with 63-63.5 percent iron content is at $112-114/mt CFR, while the current price of Brazilian Carajas fines with 66 percent iron content is $120-122/mt CFR. Both price ranges have indicated an increase of $9/mt as compared to the end of September.

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