Indian iron ore spot prices remain flat last week - 01 Jul, 2008
The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on June 30th 2008
Delivery Price Charge
Delivery
Price
Change
FOB Indian port
USD 140-USD 145
None
CIF Chinese port
USD 185-USD 190
None
The change is with respect to prices posted on June 23rd 2008
The CCCMC reference prices are average prices for import transactions of Fe 63.5% Indian iron ore concluded the week prior to issuance date of such reference prices. The reference price practice is intended to regulate the domestic trading of Indian iron ore and avoid speculation on the raw material for China's booming steel industry.
