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

Spot Iron Ore market activity picks up

Jul 28, 2017 20:58

Source:Scrap Register

Activity in the iron ore spot iron ore picked up on Friday. An Australian miner held a tender for 61% Fe PB Fines which concluded just below 68.5, according to the Steel Index.

UNITED KINGDOM July 28 2017 6:21 PM

LONDON (Scrap Register): Activity in the iron ore spot iron ore picked up on Friday. An Australian miner held a tender for 61% Fe PB Fines which concluded just below 68.5, according to the Steel Index.

Later a transaction for the same product on a 62% Fe basis took place on globalORE at 69.65, sold by the same miner. A Brazilian miner sold a shipment of 65% Fe IOCJ fines at 85.55 on the same platform.

On COREX, FMG Blend fines traded at 52.5, while Super Special fines traded at 44.25. In China, iron ore port stock prices went up by around RMB 5/wmt.

The most active DCE iron ore futures contract gained 1.53% while SHFE rebar went up 0.19%. Spot billet prices in Tangshan gained RMB 20/t. Spot rebar in Beijing went up RMB 10/t.

All prices US$/dmt CFR China unless otherwise stated. Have a nice weekend.

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