Little change in Chinese iron ore market after holiday

During the week ending February 26, prices of imported iron ore in China have indicated an overall stable trend, though with slight fluctuations seen for some ores, while transaction activity for imported iron ore has been slack. At the same time, traders' offers of domestic production iron ore in Tangshan have indicated slight rises, while prices in Liaoning Province have followed a stable trend.
 
At present, Indian fine ores of 63.5 percent grade are offered at $75.1/mt at Qingdao port. Meanwhile, quotations of 66 percent iron ore concentrate in Tangshan stand at $78.3/mt and prices of the same material are at $62.3/mt in Beipiao, Liaoning, both excluding VAT. Prices of domestic production and imported iron ore in China can be viewed in the SteelOrbis price reports section.
 
Transaction activity has not yet fully resumed after the Spring Festival holiday (Feb. 18-24), resulting in overall stability of offer prices for iron ore, though with some slight fluctuations.
Some traders have not yet returned from their holiday, while the finished steel market has remained quiet. Market participants in the iron ore market are waiting for signs of a specific trend. It is expected that iron ore prices in the Chinese market will just indicate slight fluctuations in the coming week.