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Spot 63.5% Fe iron ore market down this week as confidence sags

February 28, 2014 - 09:19 GMT Location: Shanghai

KEYWORDS: 63.5% Fe iron ore , Global Ore , China Beijing International Mining Exchange , Vale

China’s imported iron ore market lost some ground this week amid a lack of confidence on the outlook and a low number of transactions.

Spot prices for 63.5% Fe iron ore were at $118-119 per tonne cfr China on Friday February 28, unchanged since Tuesday but down $5 per tonne from last Friday’s $123-124 per tonne cfr. "The market quiet today. No deals were done," a Shanghai-based trader said. "We are not very confident about the market next week." "The market...

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