Spot 63.5% Fe iron ore prices up further to $127-128 per tonne cfr
July 11, 2013 - 11:08 GMT Location: Shanghai
KEYWORDS: 63.5% Fe Indian fines , China Beijing International Mining Exchange , CBMX , Li Keqiang
China’s imported iron ore prices continued to ascend on Thursday July 11, boosted by the strengthening of the futures and stock markets.
Mainstream prices for 63.5% Fe content Indian fines stood at $127-128 per tonne cfr China during the day, up $2 per tonne from Wednesday. Prices are now at their highest in nearly two months. “The iron ore prices are still tracking the strong performances of the equity market and steel futures today,” a steel mill source in Beijing said. This is because Chinese Premier Li Keqiang eased concerns over a slowdown...
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