Iron ore prices rebound as compared to previous week

After dropping sharply in previous weeks, import iron ore prices in China had started to move up since early this week and registered an increase of $10/mt during the first three days of this week. However, yesterday, September 13, and today, September 14, the prices in question have weakened by $2-3/mt. Current import iron ore prices in China are indicated below.
 
SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content is at $97-98/mt CFR, while the price for Australian Yandi fines with 58 percent iron content is standing at $86-87/mt CFR. Both price ranges have indicated an increase of $7-8/mt as compared to last week.
 
In the meantime, SteelOrbis has further learned that the price of Indian fines with 63-63.5 percent iron content is at $100-102/mt CFR, rising by $7/mt since last week, while the price of Indian fines with 61-62 percent iron content has moved up by $6/mt over the same period and is currently at $94-96/mt CFR.