In the October 21-27 period, the Chinese
iron ore price index was at 190.76 points, decreasing by 6.58 points or 3.33 percent compared to the previous week (October 14-20), 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 199.29 points, down 2.97 points compared to the previous week, while the
iron ore import price index was at 188.37 points, indicating a decrease of 3.87 percent week on week.
In the October 21-27 period, Chinese domestic
iron ore prices averaged at RMB 512.82/mt ($80.68/mt), decreasing by 1.47 percent compared to the previous week, while the average
iron ore import price was at $50.88/mt, decreasing by $2.05/mt or 3.87 percent compared to the previous week.
Item | Latest week | Previous week | Weekly change | Weekly change rate |
(Oct 21-27) | (Oct 14-20) |
China iron ore price index | 190.76 | 197.34 | -6.58 | -3.33% |
1. China domestic iron ore price index | 199.29 | 202.26 | -2.97 | -1.47% |
2. Iron ore import price index | 188.37 | 195.96 | -7.59 | -3.87% |
Item | Latest week | Previous week | Weekly change | Weekly change rate |
(Oct 21-27) | (Oct 14-20) |
China domestic iron ore price (RMB/mt) | 512.82 | 520.46 | -7.64 | -1.47% |
Iron ore import price ($/mt) | 50.88 | 52.93 | -2.05 | -3.87% |
RMB price (RMB/mt) | 427.67 | 444.69 | -17.02 | -3.83% |
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).