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Home / Metal News / Spot Iron Ore market remains quiet last week

Spot Iron Ore market remains quiet last week

May 11, 2015 08:57

Source:SMM

A very quiet end to the week for spot iron ore, though buying interest remained relatively firm going into the weekend, as per the Steel Index.

BRAZIL May 09 2015 10:00 AM
LONDON (Scrap Register): A very quiet end to the week for spot iron ore, though buying interest remained relatively firm going into the weekend, as per the Steel Index.

A Brazilian miner sold two cargoes of 61.53% Fe fines over globalORE on an index-linked basis.

An Australian miner sold 61% Fe PB fines over the COREX screen at 60.7. Australian 57.3% Fe Yandi Fines traded on the same platform at 55.75.

In China the price of iron ore port stocks in Shandong province slipped slightly. Spot rebar prices in Shanghai fell RMB 20/t and the most active rebar futures contract on SHFE slipped 0.08%.

DCE iron ore futures edged down 0.23%. Billet prices in Tangshan were steady.

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

iron ore

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