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Spot 63.5% Fe iron ore prices unchanged in quiet market

March 03, 2014 - 09:26 GMT Location: Shanghai

KEYWORDS: spot 63.5% Fe , Rio Tinto , Vale

The mood in China’s imported iron ore market was bearish at the start of the week, as participants sat largely on the sidelines anticipating further price falls.

Spot prices for 63.5% Fe iron ore were in the range of $118-119 per tonne cfr China on Monday March 3, unchanged since last Tuesday. "There are several negative signs in the market right now, such as mills facing cash problems, increased numbers of steelmakers suspending production and lofty levels of port stocks," a Beijing-based trader said. Further denting sentiment was the news today that China’s steel...

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