Iron ore prices have continued their upward movement, which had started at the beginning of last week, amid increasing demand for iron ore in China and with the news of Australian miner BHP Billiton delaying its port project, slowing down its expansion plans to 290 million mt per year.
Source of offer | Destination | Product | Iron content | Price ($/mt) | Daily price change ($/mt) | Sales term |
China | PB fines | 62% | 53.5 | +2 | CFR China | |
Brazil | China | Brazil fine ore | 65% | 58-59 | +2 | CFR China |
India | China | Indian fine ore | 63.5% | 55-56 | +2 | CFR China |