Spot iron ore prices broke silence after nearly a week as the domestic prices in China shook off the morass after the stock market doldrums during last week.
The steel prices have shown resilience ever since giving a flicker of hope as the Chinese market enters a phase of revival after the summer and before the winter.
It is also learnt that there is a dearth of quality ore thereby giving the traders an opening to raise prices despite affluence of material at the Chinese port totaling 94.74 million tonnes
Iron ore fines
FOB India
| Grade | Change |
| Fe 63.5/63% | 1% |
| Fe 63.5/62.5% | 1% |
| Fe 63/62% | 1% |
| Fe 62/61% | 1% |
| Fe 61/60% | 1% |
| Fe 60/59 % | 1% |
| Fe 59/58 % | 1% |
| Fe 58/57% | 1% |
| Fe 57/56 % | 1% |
| Fe 56/55% | 1% |
| Fe 55/54 % | 1% |
| Fe 54/ 53 % | 1% |
| Fe 53/52 % | 1% |
| Fe 52/51 % | 1% |
Change is on Aug 19th as compared to 12th Aug 2011
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