In the January 29-February 11 period, the Chinese iron ore price index was at 416.61 points, decreasing by 6.92 points or 1.63 percent compared to the pre-holiday level, as announced by the China Iron and Steel Association (CISA). The index consists of a domestic iron ore price index and an iron ore import price index. For the given period, the China domestic iron ore price index was at 347.81 points, unchanged from the pre-holiday level, while the iron ore import price index was at 444.58 points, indicating a decrease of 9.73 points or 2.14 percent compared to the pre-holiday level.
In the given period, Chinese domestic iron ore prices averaged at RMB 894.99/mt ($147.78/mt), neutral compared to the pre-holiday level, while the average iron ore import price was $120.08/mt, decreasing by $2.63/mt compared to the pre-holiday level.
China iron ore price index
Item | Latest period | Previous week | Weekly change | Weekly change rate (%) |
(Jan. 29-Feb. 11) | (Jan. 22-29) | |||
China iron ore price index | 416.61 | 423.53 | -6.92 | -1.63% |
1. China domestic iron ore price index | 347.81 | 347.81 | 0 | 0.00% |
2. Iron ore import price index | 444.58 | 454.31 | -9.73 | -2.14% |
Item | Latest period | Previous week | Weekly change | Weekly change rate (%) |
(Jan. 29-Feb. 11) | (Jan. 22-29) | |||
China domestic iron ore price (RMB/mt) | 894.99 | 894.99 | 0 | 0.00% |
Iron ore import price ($/mt) | 120.08 | 122.71 | -2.63 | -2.14% |
RMB price (RMB/mt) | 858.18 | 876.83 | -18.65 | -2.13% |
Notes:
The RMB price includes tax, but the iron ore import CFR US$ price excludes tax.
The above Chinese domestic iron ore is grade 62 percent iron ore concentrate (on dry basis); the import iron ore is 62 percent iron ore fine ore (on dry basis).