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Apr.01.2020 1USD=7.0771RMB
  SteelHome >>Raw Material>>Market Info>>Daily Express
 
SteelHome Express: Quotation of Imported Iron Ore Flat on Little Procurement Interest from Mills

//en.steelhome.cn [SteelHome] 2020-02-14 17:55:12

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Quotation of imported iron ore on Tangshan market remains roughly flat on Friday.

Then the prevailing quotation on the market: PB fines is 640-645 yuan/t; PB lump is 830-835 yuan/t; Jimblebar fines is 560-570 yuan/t; Super Special fines is 530-535 yuan/t; Brazilian IOCJ is 785-790 yuan/t.

After the futures price rose, traders are inactive in selling spot iron ore products at a low price. Meanwhile, with the centralized procurements at the beginning of the week, many steelmakers purchase iron ore mainly as needed on current sluggish steel sales, bringing slack transactions. Therefore SteelHome considers that prices of iron ore may slightly fluctuate in the near term.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Feb 14


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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