Spot 63.5% Fe iron ore prices gain another $1-2 per tonne
August 07, 2013 - 10:19 GMT Location: Shanghai
KEYWORDS: 63.5% Fe Indian fines , China Beijing International Mining Exchange , CBMX , Global Ore
China’s imported iron ore market continued to strengthen on Wednesday August 7 on an increase in trading activity.
Prices for 63.5% Fe iron ore stood at $133-135 per tonne cfr during the day, up $1-2 per tonne from Tuesday. “Steel mills running at full capacity are supporting iron ore prices, but it is still too early to say how sustainable this rally is,” an iron ore trader in Beijing said. Stockpiles of finished steel at warehouses have been falling.
iron ore price heads higher!
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