Today prices experienced a USD 4 drop hence the weekly plummet has been in a range of -2.1% to -24% for different export products. The 66% Fe concentrate price index also was reduced by -8% compared with last week and reached USD 63.5.

With another USD 4 price drop in yesterday’s transactions, the Iranian concentrate export will be actually ceased. As the final price of production will only have a USD 6.1 margin with the export price and this can not repay for the export tariff and freight charges to FOB.

The price change trend of Iranian Export Iron ore in Iran and China ports on Thursday
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