Contract prices for Ukrainian iron ore decreased


gmkContract prices for iron ore in Ukraine in the III quarter decreased by 8-16% relative to the price level II quarter.It is estimated that the State Enterprise ” Ukrpromvneshekspertiza ” contract prices for iron ore in Ukraine in the III quarter decreased by 8-16 % relative to the price level II quarter.For example, the current price of sinter ore delivered to the plant in the range of 470-500 USD / t exclusive of VAT compared with 500-550 in April- June. Average prices for concentrate and pellets in similar conditions is 760 UAH / t and 975 UAH / t ( -11% and -16% , respectively). Sinter is well estimated , fell by 95 UAH . up to 775 USD / t Such information is contained in the monthly iron ore market research conducted by ” Ukrpromvneshekspertiza ” ( SEA ) .” These prices are estimates only , but with a high probability we can say about the reliability of their order, and the rate of decline relative performance of Quarter II ” – says Dmitry Zheltyakov , an analyst at SEA . “As practice shows – adds Zheltyakov – internal dynamics of contract prices in Ukraine is correlated with a change in the contract prices of major world producers , that is , apparently , depends in part on the dynamics of prices on the spot market of China with the imposition of a time lag .”It is worth noting that, according to Platts contract prices for the products of the world’s major producers of iron ore in the III quarter decreased by 7-15 %.Thus , the new price of Vale Carajas fines (Fe 66%) of consumers from Japan amounted to $ 125 / t , while in the II quarter of the contracts concluded at $ 135.1 / t FOB Ponta da Madeira. Price for Japanese companies to BHPB Mt.Newman high-grade fines (Fe 63%) decreased from $ 143.2 / t to $ 121.5 / t FOB W.Australian port (-21,7 $ / ton or -15, 1%). In the II quarter of the above prices for Brazilian and Australian raw materials rose by 29.9 % and 22.9 %, respectively.