At present, Indian origin fine ores of 63.5 percent grade are offered at $139.4/mt at Qingdao port. Meanwhile, the quotation of 66 percent iron ore concentrate in Tangshan stands at $131.4/mt, while the price of similar material is at $110.6/mt in Beipiao, both excluding VAT. Prices of imported and domestic production iron ore in China can be viewed in the SteelOrbis prices reports section.
In the given week, the Chinese iron ore market has not seen any significant decline in activity levels. As steel mills are somewhat less interested in placing orders, iron ore suppliers have started to become more active in negotiating. Given the necessity for steel mills in the northern region of China to carry out restocking activity, these mills are expected to conclude deals for iron ore in the short term. For the coming week, it is thought that iron ore prices in China will likely trend sideways.