Iron ore prices continue to indicate sharp declines

Against the backdrop of the declines seen in domestic billet prices in the Chinese market yesterday, May 4, and today, May 5, import iron ore prices for the Chinese market, which started this week on a downward trend following the Labor Day holiday, have recorded a further decrease of $3/mt today. 

 

Source of offer	Destination	Product	Iron content	Price ($/mt)	Daily price change ($/mt)	Sales term
Australia	China	PB fines	62%	60.5-61	-3	CFR China
India	China	Indian fine ore	63.5%	60.5-61.5	-3	CFR China
Brazil	China	Brazil fine ore	65%	63-64	-3	CFR China