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.