Tianjin imported iron ore quotations keep firm

It is reported that imported iron ore quotations in Tianjin market kept firm with transactions turning better.

Currently, 63.5% Indian fines at Tianjin port is settled at CNY 1290 per tonne to CNY 1310 per tonne, PB fines is quoted at CNY 1240 per tonne to CNY 1250 per tonne, PB lumps is fixed at CNY 1350 per tonne to CNY 1370 per tonne, 61% Indian fines stands at CNY 1160 per tonne to CNY 1180 per tonne, 58% Indian fines is priced at CNY 1000 per tonne to CNY 1020 per tonne, 64.5% Brazilian coarse fines is posted at CNY 1320 per tonne to CNY 1340 per tonne.

Given limited fluctuating scope in steel market, enhanced buying interests of steel mills and tight iron ore supply, Tianjin imported iron ore market may go up amid steadiness with transaction upturn.

Sourced www.Mysteel.net Sunday, 09 Jan 2011

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