At present, Indian fine ores of 63.5 percent grade are offered at $136/mt at Qingdao port. Meanwhile, quotations of 66 percent iron ore concentrate in Tangshan are at $131.2/mt, while prices of similar material are at the level of $108.8/mt in Beipiao, both excluding VAT. Prices of domestic production and imported iron ore in China can be viewed in the SteelOrbis price reports section.
Domestic miners state that the slight reduction observed in stocks has not been sufficient to push up iron ore prices. While some traders have made compromises on prices in order to attract orders, others are maintaining their current offer levels. Volumes of inquiries received by iron ore producers are now at moderate levels. It is thought that the Chinese iron ore market will probably follow a stable trend in the coming period.