China iron ore price index for June 3-7

In the June 3-7 period, the Chinese iron ore price index was at 435.17 points, down 17.24 points or 3.81 percent compared to the previous week, 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 340.27 points, declining by 3.63 points or 1.06 percent from the previous week, while the iron ore import price index was at 473.75 points, indicating a decrease of 22.77 points or 4.59 percent compared to the previous week.

In the week in question, Chinese domestic iron ore prices averaged at RMB 875.57/mt ($142.75/mt), down RMB 9.35/mt ($1.52/mt) week on week, while the average iron ore import price was at $127.96/mt, falling by $6.15/mt, both week on week.

China iron ore price index

China iron ore price

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).