China iron ore fines import prices gains this week

Metal Recycling News  |  2012-02-03 08:17:25   |   By

Iron ore fines 62% Fe rose 2.5% this week to $143.3 per dry tone, while 58% Fe prices rose 1.9% to $127.2 per dry tone at Tianjin port. Iron ore fines 62% Fe, 2% Al rose 1.8% at $145.1 while 63.5% /63.5% Fe rose 1.7% to $147.4, according to a weekly review by The Steel Index (TSI).

BEIJING (Scrap Monster): Iron ore fines 62% Fe rose 2.5% this week to $143.3 per dry tone, while 58% Fe prices rose 1.9% to $127.2 per dry tone at Tianjin port. Iron ore fines 62% Fe, 2% Al rose 1.8% at $145.1 while 63.5% /63.5% Fe rose 1.7% to $147.4, according to a weekly review by The Steel Index (TSI).

TSI said that  market activity remains limited – at least in terms of trades – and most are now looking to next week. Australian 57.5% fines sold 50 cents higher compared with yesterday and 57% Indian fines with high silica and alumina traded at 118. Indian 62/62 fines were offered at 145 and bid at 143. Indian 63.5/63 fines were offered at 151, with bids at around 148-149. The results of a tender of 63/62 Indian fines could not be confirmed by index deadline, but the seller was seeking over 151. Spot rebar prices slipped in China, as high inventories and slow transactions in the post-holiday week started to take their toll. SHFE rebar futures posted s gains, however.

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- BHPB to progress outer harbour port development
- CRM's first Tonkolili ore shipment to reach China this month