SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content for China is at $117-118/mt CFR, while the price for Australian Yandi fines with 58 percent iron content for the same destination is now standing at $106-107/mt CFR. Both price ranges indicate a decrease of $1/mt as compared to last week.
In the meantime, the price of Indian fines with 63-63.5 percent iron content for China has declined by $1/mt on the high end of the range and is currently at $120-121/mt CFR, while the price of Brazilian Carajas fines with 66 percent iron content is standing at $123-125/mt CFR China, indicating a decline of $2/mt since last week.