Australian iron ore prices for China

SteelOrbis has been informed that a recent ex-Australia transaction for iron ore fines with 63 percent iron content has been concluded in China at $171/mt CFR on actual weight basis, for payment via letter of credit. Meanwhile, another recent ex-Australia transaction for iron ore fines with 61.5 percent iron content has been concluded in China at $163.5/mt CFR on actual weight basis, for payment via letter of credit.