Iron ore price, page-756

Here is the summary of few major markets today:
PB62% 505-515 yuan down 20 Qingdao Port
FMG 58% 375-385 yuan down 20 Qingdao Port
Chinese 66% 480-485 yuan down 10 Tangshan
Billet 2680 yuan down 70 Tangshan
Rebar 3310 yuan down 30 Shanghai
Hot Roll 3010 yuan down 40 Shanghai
Wire 3440 down 30 Nanton

Tangshan Market Current Spot Prices:
Billet 2680 ↓70
Strip 2890 ↓80
Wire 3000 ↓20
Rebar 3170 ↓10
Profile 3020 ↓50
Hot Roll 2880 ↓70
Mid Thick Sheet 3080 ↓80
Tube 3110 ↓140
Chinese IO 66% 465 ↓17.5
Seaborne IO 500 ↓5

Chinese IO has 22 major market, 1 of the market has Nothings to sell, we will need at least half of the markets have nothing to sell because of the low IO price. 14 Markets are down today.

Currently Chinese 66% IO, depends on the location, is selling between 390 yuan (US$57) to 750 yuan (US$109), with an average of 518 yuan (US$75).

DYOR.

Frank.