Australian and Indian iron ore prices revised downward

SteelOrbis has learned from market sources that Australian PB fines with 61.5 percent iron content are quoted at $147-148/mt CFR in China, while the price for Australian Yandi fines with 58 percent iron content is at $134-135/mt CFR. Both price ranges have decreased by $1/mt as compared to two weeks ago.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content is now standing at $149-151/mt CFR, while the price of Indian fines with 61-62 percent iron content is at $140-142/mt CFR. Both Indian iron ore offers to China have also indicated a decrease of $1/mt over the last two weeks.