The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on July 20th 2009
| Delivery | 20-Jul | 13-Jul | Change |
| FOB Indian port | 74-75 | 70-71 | 4 |
| CIF Chinese port | 90-91 | 86-87 | 4 |
In USD per tonne
The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters is the largest trading association in China. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China's booming steel industry.
However, to know EXACT export iron ore fines spot prices FOB East Coast for various grades such as 63.5/63%, 63.5/62.5%, 63/62 %, 62/61%, 61/60%, 60/59%, 59/58 % and 58/57%, as and when they change, subscribe to the “Iron Ore Pricing Services” of www.steelprices-india.com.
The yearly subscription charges are USD 600 or INR 30,000 plus service tax for 12 months of service for one user and USD 100 or INR 5,000 for every additional user.
To avail this service you can make registration at www.steelprices-india.com or send a mail for getting invoice at admin@steelprices-india.com with contact details or call us by phone at 0091 - 124 -4048993. We would be happy to reply to your queries, if any
