According to the
China Iron and Steel Association (CISA) , in late June (June 21-30) this year Chinese domestic production
iron ore prices increased, while import
iron ore prices started to decrease from already high levels.
At the end of June, domestic production
iron ore concentrate prices in
China averaged RMB 948.52/mt, increasing by RMB18.39/mt month on month. Meanwhile, prices of imported
iron ore fines averaged RMB 993.84/mt (CIF), falling by RMB 93.59/mt month on month. The rise in domestic production
iron ore prices came after nine consecutive weeks of downward price movement.