According to report, India’s iron ore quotes to China have raise slightly by US$2~US$3/ton in last week.

At present, the quotes of Indian powder iron ore contains 63.5% of iron have enhanced to US$175~US$178/ton CFR from US$173~US$175/ton CFR.

It’s known the price hike of iron ore was caused by the tight supply. In addition, it’s predicted that China’s buyers will anticipate increasing the purchase before the Chinese New Year.