SteelHome Express: Quotation of Imported Iron Ore Rises by 10 Yuan/t in Tangshan on Tuesday

Quotation of imported iron ore on Tangshan market rises by 10 yuan/t on Tuesday.

Then the prevailing quotation on the market: PB fines is 935-940 yuan/t; PB lump is 930-940 yuan/t; Jimblebar fines is 845-850 yuan/t; Super Special fines is 750-755 yuan/t; Brazilian IOCJ is 1,000-1,005 yuan/t.

The overall inquires are at a normal level. For traders, most of them set the price sturdily on the market.

According to SteelHome survey, PB fines is unlikely to drop in the short run amid tight supplies, bringing Brazilian fines more cost-effective for buyers.

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Aug 18