As import iron ore is being transacted at high price levels in Chinese iron ore trading platforms or in tenders, iron ore import prices have continued to increase in China.
Accordingly, SteelObris has learned that in a transaction concluded yesterday, December 19, Australian PB fines with 61.5 percent iron content was priced at $137/mt CFR, while 100,000 mt of Australian 58 percent fines were booked at $125/mt CFR yesterday on the China Beijing International Mining Exchange (CBMX).
In the meantime, the price of Indian origin iron ore with 63-63.5 percent iron content for China has increased by $5/mt since early this week to $135-136/mt CFR.
Iron ore prices are expected to continue increasing in the days to come.