Australian and Indian iron ore prices switch to sideways trend

SteelOrbis has learned from market sources that Australian PB fines with 61.5 percent iron content are currently quoted at $136-138/mt CFR in China, while the price for Australian Yandi fines with 58 percent iron content is at $125-128/mt CFR.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content is standing at $143-146/mt CFR, while the price of Indian fines with 61-62 percent iron content is at $134-136/mt CFR.
 
Last week's steady downtrend in iron ore has switched to a sideways trend this week.