FB Fines are now at a 28% discount compared to 29-30% a week ago.
SSF are at a 34.3% discount, still the equal narrowest since last year.
https://www.argusmedia.com/en/news/...owgrade-iron-ores-in-focus?backToResults=true
Australian mining firm Fortescue Metals' 56.5pc Fe super-special fines (SSF) have sold out for some traders. The Argus SSF portside index narrowed to a 34.3pc discount to the Argus PCX 62pc portside index yesterday, its narrowest discount since Argus began tracking portside brands last year.
Fortescue's 58.3pc blended fines (FBF) traded at 370 yuan/wet metric tonne (wmt) at Tangshan today, a 28pc discount to the PCX at Yn517/wmt. That compares with FBF trades at Tangshan of Yn404-410/wmt on 22 November and Yn420/wmt on 20 November that were 29-30pc and 29pc below the PCX, respectively.
"More SSF, FBF deals today and prices are more firm than for medium grades," a Shandong-based trader said today.
Iron ore price, page-8796
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