It is reported that imported iron ore quotations in Tianjin market hold stable with unsound transactions.

Currently, futures quotations keep firm and are higher than spot prices, yet some big traders do not lift quotations due to sluggish purchases. Till now, 63.5% Indian fines at Tianjin port is settled at CNY 1280 per tone to CNY 1290 per tone, PB fines is quoted at CNY 1230 per tone to CNY 1240 per tone, PB lumps is posted at CNY 1340 per tone to CNY 1360 per tone.

Some traders believe market risk would be enhanced prospectively with most adopting fence-sitting attitudes. We predict imported iron ore market would remain steady due to unimproved supply and firm steel price.

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