July 2015 | Steel Raw Materials
Chinese iron ore import prices remain stable: Latest Analysis
MBR anticipates iron ore prices will erode slowly over the coming months, owing to the growth of low-cost seaborne iron ore supply and cost-cutting measures by the three major iron ore miners and FMG.
Chinese iron ore import prices remain stable, as market fundamentals realign Chinese seaborne physical spot import benchmarks maintained their stability over the past two weeks within a tight range of $50-52/t, CFR Qingdao; reflecting relatively well-adjusted iron ore market fundamentals. Indeed, Metal Bulletins Daily Physical Spot 62% Iron Ore Index softened by only $0.04/t to $52.35/t, CFR Qingdao,...
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