Price Gap Between Mid And Low-Grade Iron Ores Stabilised

The price difference between high and medium-grade ore was steady last week, while that between medium and low-grade ore continued to widen.

Taking Qingdao Port as an example, the price difference between the mainstream high-grade ore (IOCJ) and medium-grade ore (PBF) stabilised at 96 yuan/mt last week, while that between medium-grade ore (PBF) and low-grade ore (SSF) widened 9 yuan/mt to 131 yuan/mt. Imported iron ore prices rose sharply further last week.

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