China iron ore price index for October 21-27

Wednesday, 28 October 2015 09:51:36 (GMT+3)   |   Shanghai
       

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.

China iron ore index
 

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%

 

China iron ore price
 

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).


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