Significant increase in import iron ore prices in China

Wednesday, 12 December 2012 15:08:36 (GMT+3)   |   Istanbul
SteelOrbis has learned from market sources that the price for Australian PB fines with 61.5 percent iron content for China is at $122-124/mt CFR, while the price for Australian Yandi fines with 58 percent iron content for the same destination is now standing at $112-113/mt CFR.
 
In the meantime, the price of Indian fines with 63-63.5 percent iron content for China is currently at $125-126/mt CFR, while the price of Brazilian Carajas fines with 66 percent iron content is standing at $129-131/mt CFR China.
 
All the price ranges indicate an increase of $5-6/mt as compared to last week.

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