At present, Indian fine ores of 63.5 percent grade are offered at $136.7/mt at Qingdao port. Meanwhile, quotations of 66 percent iron ore concentrate in Tangshan stand at $128.6/mt, and prices of the same material are at $107.7/mt in Beipiao, both excluding VAT. Prices of domestic production and imported iron ore in China can be viewed in the SteelOrbis price reports section.
Amid some stock replenishment activity ahead of the winter, demand for iron ore pellets and lump ore has improved a little in the Chinese market, while still remaining at moderate levels. It is expected that iron ore prices will trend sideways in China in the coming week.