Quotation of imported iron ore on Tangshan market stabilizes after drops a week ago.

The prevailing quotation on Tangshan market: PB fines is 700-705 yuan/t; PB lump is 825-830 yuan/t; Jimblebar fines is 650-660 yuan/t; Brazilian IOCJ is 755-760 yuan/t.

Meanwhile, the overall market runs weakly on Monday as the declining demands for iron ore products from mills since the steel price keeps dropping in recent days.

Therefore, SteelHome predicts that prices of iron ore in China market may fluctuate slightly in the short run.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports

         Market price of Imported Iron Ore at Jingtang Port