Monday, 17 Jan 2011
Iron ore spot market is continuing its upward momentum with approaching spring festival holidays and concerns on supply side.
Reports are filtering in for transactions at USD 184 CFR levels on limited high grade parcels from India as well as concerns of a tropical cyclone threatening to interrupt production and shipments in Australia.
As the higher grade cargos are very few, talks of up to USD 190 per tonne CFR are starting to be heard.
Iron ore fines, FOB India
Grade Change
Fe 63.5/63%------------ 2%
Fe 63.5/62.5%------------2%
Fe 63/62% ------------ 2%
Fe 62/61%------------ 2%
Fe 61/60%------------ 2%
Fe 60/59 % ------------2%
Fe 59/58 % ------------2%
Fe 58/57% ------------3%
Fe 57/56 % ------------3%
Fe 56/55%------------ 3%
Fe 55/54 % ------------3%
Fe 54/ 53 %------------ 4%
Fe 53/52 % ------------4%
Fe 52/51 % ------------5%
Change is on Jan 14th as compared to 7th Jan 2011
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