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The spot price of iron ore fines 62% to China has dropped.

The spot price of iron ore fines 62% to China continued to rise. Current price is being offering at US$95.16/ton, increasing by US$0.36/ton or 0.38% from the previous price.

China’s steelmakers have suffered severe losses. Along with banks string loaning services, in the first 5 months of 2014, the major steel mills’ profit were detracted from the downturn compare to last year.

The LME's three-month copper contract on Friday was down 0.1 per cent at $US6,945 a metric ton at the PM kerb close. The metal earlier rose to $US6,983.75 a metric ton, its highest price since March 7.

Saramad Group supply IRAN Chromite Ore

[Ferro-Alloys.com] The spot price of iron ore fines 62% to China has increased slightly. Current price is being offering at US$94.03/ton on 4th June, increasing by US$1.63/ton or 1.76% from the previous price.

People acknowledge China's commodities demand - fueled by a boom in the last decade - is easing. This slowdown is hitting iron ore markets. Platts estimates consumption of steel grew 2.6 percent in the first two months of this year, compared with 9.8 perce...

The price of Fused magnesia in China On May 29