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Home / Metal News / Iron Ore market reports a sleepy end last week

Iron Ore market reports a sleepy end last week

iconDec 8, 2014 16:36
Source:SMM
After Thursday’s spurt of activity, the market on Friday drifted to a sleepy end to the week. Iron ore spot trades were thin.
UNITED KINGDOM December 08 2014 10:25 AM
 
LONDON (Scrap Register): After Thursday’s spurt of activity, the market on Friday drifted to a sleepy end to the week. Iron ore spot trades were thin. 
 
A cargo of PB fines for January delivery was sold across globalORE on a 62% Fe basis at 71.8, 10 cents below a similar trade on Thursday.
 
The same product was offered lower on the screen, however, while MNP fines (62% Fe) for December arrival were offered at 71.3. There were bids for HIY and Yandi Fines for December and January delivery cargoes respectively at 61 and 60 (both 58% Fe).
 
A miner late Thursday sold several cargoes, including 57.3% Fe, 62.5% Fe and 61.3% Fe fines, via private deals and on screen. In China, prices for port stocks were stable, as were domestic steel prices. 
 
Rebar futures in Shanghai were down 0.12% and DCE iron ore futures were up 0.2%. All prices US$/dmt CFR China unless stated otherwise.
 
iron ore demand
iron ore price

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