Spot 63.5% iron ore prices unchanged amid improved sentiment
November 28, 2013 - 09:57 GMT Location: Shanghai
China’s imported iron ore prices held steady on Thursday November 28 amid improved sentiment, with market participants expecting demand to pick up in December.
Spot prices for 63.5% Fe Indian fines were at $135-137 per tonne cfr China, unchanged since Monday. “Demand from steel mills is not bad right now,” a trader in Beijing said. “The 61% Fe Pilbara Blend fines price lingered around $135 per tonne cfr China today.
AGO Price at posting:
$1.10 Sentiment: Buy Disclosure: Held