Global Iron markets remain quiet; Tangshan spot Billet prices up

Jun 27, 2016 09:35

In another day of quiet trade on Friday, iron ore escaped largely unscathed by turmoil in wider financial markets following the UK’s referendum on EU membership and leave vote.

CHINA June 24 2016 4:32 PM

LONDON (Scrap Register): In another day of quiet trade on Friday, iron ore escaped largely unscathed by turmoil in wider financial markets following the UK’s referendum on EU membership and leave vote, reported the Steel Index.

In China, port stock prices were stable. The most active DCE iron ore contract lost 0.77% and SHFE rebar was down 0.89%.

Spot billet prices in Tangshan rose RMB 10/t, however spot rebar price in Beijing went down RMB 15/t. In the seaborne iron ore market, there was limited activity.

A cargo of Jimblebar Fines was sold basis 62% Fe over globalORE at 49.85, reportedly by a miner.

All prices US$/dmt CFR unless stated otherwise.

iron prices

billet prices

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Global Iron markets remain quiet; Tangshan spot Billet prices up

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