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spot rebar prices in beijing down

Spot iron ore prices saw a busier end to the week as the largest miners came back offering cargoes. Transaction prices firmed.

An Australian miner held a 61% Fe PB fines tender, with the closing price the same as the last similar product done on Tuesday, then sold same brand fines on COREX at 49.7.

A Brazilian miner meanwhile sold 65% Fe high grade fines on the same platform at 53.35 after selling 61.42% Fe SSFG fines on globalORE at floating price.

In China, prices of iron ore port stocks were unchanged. Spot rebar prices in Beijing lost RMB 10/t but billet rose the same amount. Rebar futures in Shanghai gained 1.48%, while DCE iron ore futures were up 0.58%.

All prices US$/dmt CFR China unless stated otherwise.