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Home / Metal News / Spot Iron Ore market slightly picks up

Spot Iron Ore market slightly picks up

iconMar 10, 2017 20:19
Source:scrapregister
Spot iron ore market slightly picked up some activity on Friday, reported the Steel Index.

CHINA March 10 2017 5:36 PM

SHANGHAI (Scrap Register): Spot iron ore market slightly picked up some activity on Friday, reported the Steel Index.

An Australian miner sold 62% Fe basis PB fines on COREX at a floating price. Another Australian miner sold a combined shipment of Jimblebar and Newman fines on an index-linked basis by private negotiation after Thursday’s index cut-off. 

Swap prices firmed. In China, iron ore port stock prices were basically flat. The most active DCE iron ore futures contract price inched up 0.31%, while SHFE rebar went up slightly by 0.35 percent. Spot rebar prices in Beijing gained RMB 20 a ton.

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

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