Benchmark 62% iron ore’s spot
price climbed to $120.2 a tonne on Wednesday, based on SteelHome
consultancy data SteelHome
China Iron Ore Price Index (SHCNOI).
According to SteelHome survey,
traders were active in iron ore sales. For mills, only some with rigid
demand purchased iron ore today.
Currently, some mills have
increased the utilization of medium Fe grade iron ore fines whose cost
performance increased lately.
SteelHome considers that prices
of medium Fe grade iron ore fines may observe rangebound movements in
the short run.
Other Info: Price
Aggregates of Imported Ore at China Main Ports on Oct 21, 2020 |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |