The imported iron ore market fluctuated in a narrow range today. Traders’ quotations remained unchanged from yesterday. In Shandong, Assmang lump, Kumba lump, Robe River fines, Ukrainian pellet and Ukrainian concentrate quoted at RMB870/tonne, RMB865/tonne, RMB385/tonne, RMB1210/tonne and RMB750/tonne respectively. In Tangshan, PB fines, PB lump and screened Newman lump priced at RMB550/tonne, RMB745/tonne and RMB770/tonne.
Traders saw strong willingness to shipment and the procurement volume has slipped slightly compared with the previous couple of days. It reflected that steel mills restocking demand has been weakened. Partial steel mills remained wait-and-see sentiment. As predicted, the vitality of iron ore market is close to the end for this week. Steel mills reported firm quotations today and traders’ quotations have small room for bargaining as they believed the prices will go up later.In Shandong, PB fines and Yandi fines traded at RMB530/tonne and RMB480/tonne; while in Tangshan, PB fines, SSF and FB fines traded at RMB543/tonne, RMB330/tonne and RMB390/tonne separately.
Sources:XINDE MARINE NEWS
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