Iron ore prices in China indicated a slight declining trend during the month of August, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of August this year, the China Iron Ore Price Index (CIOPI) stood at 212.77 points, down 2.86 points or 1.33 percent month on month. In particular, the domestic production iron ore price index stood at 206.28 points, up 11.05 points or 5.66 percent month on month, while the import iron ore price index stood at 213.99 points, decreasing by 5.48 points or 2.50 percent month on month.
For the whole month of August, the average China Iron Ore Price Index (CIOPI) was at 219.27 points, up 12.58 points or 6.09 percent month on month. In particular, the average domestic production iron ore price index was at 202.40 points, up 10.29 points or 5.36 percent, while the average import iron ore price index stood at 222.45 points, increasing by 13.02 points or 6.22 percent, both month on month.