1. Exports - Market in recess as China holidays
Chinese buyers have stayed away from the market this week due to the uncertainties prevailing on 8 days long Chinese national holidays and the spot prices of Indian iron ore have remained unchanged this week on lack of transactions.
Indian sellers are eyeing higher prices when China reopens after its eight day holiday next week as the general feeling is that as a prelude to the next year's negotiation mining majors in Australia and Brazil will resist fall in sport prices.
Iron ore fines
FOB East Coast of India
| Grade | Change |
| Fe 63.5/63% | 0% |
| Fe 63.5/62.5% | 0% |
| Fe 63/62 % | 0% |
| Fe 62 / 61% | 0% |
| Fe 61 / 60 % | 0% |
| Fe 60/59 % | 0% |
| Fe 59 / 58 % | 0% |
| Fe 58 / 57% | 0% |
Change is on October 2nd as compared to September 25th 2009
2. Domestic - Inactivity
Bellary
| Product | Grade | Size | Change |
| Iron Ore Calibrate | Fe 65% | 10-40 | 0% |
| Iron Ore Calibrate | Fe 64% | 10-40 | 0% |
| Iron Ore Calibrate | Fe 62% | 10-40 | 0% |
| Iron Ore Calibrate | Fe 60% | 5-20 | 0% |
| Iron Ore Calibrate | Fe 62% | 5-20 | 0% |
| Iron ore - Fines | Fe 63% | Fines | 0% |
Change is on October 1st as compared to September 25th 2009
Burbil
| Product | Grade | Size | Change |
| Iron ore - BF | Fe 65% | 10-40 | 0% |
| IOS-Primary | Fe 63% | 5-18 | 0% |
| IOS – Secondary | BF | - | 0% |
| Iron ore - Fines | Fe 63% | Fines | 0% |
Change is on October 1st as compared to September 25th 2009
To know exact levels, likely scenario, domestic iron ore spot prices at Bellary and Barbil and FOB East Coast spot prices subscribe to “Iron Ore Services” of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com along with your full contact details. Please note that this is a paid service with subscription charges of USD 600 or INR 30,000 plus ST for 12 months.
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(Sourced from www.steelprices-india.com)
