SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content is at $120-121/mt CFR in China, while the price for Australian Yandi fines with 58 percent iron content is at $111-112/mt CFR. Both price ranges have indicated a drop of $2/mt since last week.
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content has dropped by $2/mt as compared to last week to $125-127/mt CFR, while the price of Indian fines with 61-62 percent iron content has decreased by $2/mt week on week to $116-118/mt CFR.
Australian and Indian iron ore prices - week 31
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Iron Ore Raw Mat Australia India China Indian Subcon South Asia Oceania East Asia and Pacific Far East Steelmaking