Iron ore prices in China have registered increases as Chinese market players have returned to the market after the National Day holiday (October 1-7). Current prices are as follows:
SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content has moved up by $6-7/mt as compared to the end of September and now stands at $112-113/mt CFR, while the price for Australian Yandi fines with 58 percent iron content is standing at $104-105/mt CFR, indicating an increase of $9/mt as compared to the end of September.
In the meantime, the price of Indian fines with 63-63.5 percent iron content is at $112-114/mt CFR, while the current price of Brazilian Carajas fines with 66 percent iron content is $120-122/mt CFR. Both price ranges have indicated an increase of $9/mt as compared to the end of September.