Ex-Indonesia iron ore offer
SteelOrbis learnt that an Indonesian iron ore trader has recently offered 30,000-40,000 mt ex-Kalimantan, Indonesia iron ore with 63 – 65 percent iron content at $50/mt FOB per vessel level via at sight payment by irrevocable letter of credit. Some Indonesian traders, reportedly, want to sell more iron ore to China. Recently, the demand of Indonesian steel market is weak and exporting iron ore to China seems as a good alternative.