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Report on IIF New Building Inaugural Brief Report of 67th Indian Foundry Congress Inauguration of Faridabad Chapter of The Institute of Indian Foundrymenat MRIIRS on 29th October, 2018

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Spot iron ore prices continue to drop

It’s reported that the spot iron ore prices have continued to drop recently.

At present, the quotes of Australia Pb fines contain 31.5% Fe to China are at US$145~US$146/ton C&F and that of Australia Yandi fines contain 58% Fe to China is at US$132~US$133/ton C&F, down by US$1/ton respectively.

Meanwhile, it’s known that that the quotes of Indian ore fines contain 63%~63.5% Fe to China are at US$147~US$149/ton C&F, decreasing by US$1/ton; that of Indian ore fine contain 61%~62% Fe is at US$137~US$139/ton C&F, down by US$2/ton.

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