[Iron Ore] Chinese Iron Ore markets remain stable last week

UNITED KINGDOM July 27 2015 9:35 AM

LONDON (Scrap Register): An even quieter day capped off the week, with little seen in the way of fixed-price bids, offers or transactions, said the Steel Index.

Almost at the end of the working day, an Australian miner sold 61% Fe PB fines over COREX at 51.

On globalORE, Brazilian Blend Fines on a 63.5% Fe basis for September arrival were offered at 54.5 without bid.

Markets were stable in China. Prices for imported ores stocked at port unchanged on Thursday.

The most active DCE iron ore contract was down just 0.29%, and the SHFE rebar contract rising by the same percentage. Spot billet prices in Tangshan rose 30/t, however.

All prices US$/dmt CFR China unless otherwise stated.