Buying Iron ore to China

We are interested in buying Iron ore. 

Product : Iron Ore (Hematite) >62 % Fe Rejection below 62%

Target Price : Best Price CFR Tangshan Port, Tianjin, China

Presentation : In Bulk

Labeling: No label

Contract Period : 12 Months

Monthly ordered quantity : 50,000 Metric Tons

Certification Q /Q : The seller will provide documents certifying quality and quantity issued by SGS or similar

Payment: 100 % irrevocable LC, at sight

PB : The seller will issue Performance Bond of 2% from total monthly delivery

Delivery time: As soon as possible

1. The seller provides us with SGS report

2. All parties agree to the price (seller, mandates, and buyer)

3. We provide LOI

Actually, I have two interested buyers.

The first one wants 50.000 MT per month x 12 months

The second one wants 100.000 MT per month x 12 months

Target price: 50 USD for 62% and for 65% is 55 USD CIF 

Please make your price offer