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IRON ORE: Mid-grade Brazilian fines up on Wednesday

• Thursday, October 31, 2019
• Source:ferro-alloys.com

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• Keywords:IRON ORE, Mid-grade Brazilian fines

[Ferro-Alloys.com] Prices of mid-grade Brazilian fines were up on Wednesday October 30, with a Brazilian Blend fines (BRBF) cargo fetching $85.60 per tonne, although market participants saw little scope for any major correction in mid-grade iron ore prices.

 

Key drivers Market participants were generally still concerned over the growing level of port inventories of mid-grade fines, with record volumes anticipated to be arriving in China over the next week or two from Australia, according to a trader in China.  (Metalbulletin)

 

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