SteelHome Express: Quotation of Iron Ore Edged down amid Sharp Declines of Futures Price on Monday
Quotation of imported iron ore on Tangshan market decreased by 5-10 yuan/t on Monday.
Then the prevailing quotation on the market: PB fines is 795-795 yuan/t; PB lump is 865-875 yuan/t; Jimblebar fines is 725-730 yuan/t; Super Special fines is 665-675 yuan/t; Brazilian IOCJ is 955-960 yuan/t.
Due to the sharp drop of futures price, some traders with hedging operations lowered the transaction price for PB fines to 780 yuan/t. Other traders awaited further market developments, being inactive on low-price selling.
Meanwhile the prevailing products transacted today were medium low Fe grade Australian fines.
Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jun 22
We are looking for qualified buyers of the following minerals: Lead ore with Pb 50% min.
We can get high grade lead or galena ores direct from the mine-starting at 100 MT / month or 5x20"FCL per shipment.
