Iron ore prices in China have declined slightly during the month of May, shifting from an uptrend in April, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of May this year, the China Iron Ore Price Index (CIOPI) stood at 236.59 points, down 2.63 points or 1.10 percent compared to the end of April. In particular, the domestic production iron ore price index stood at 227.59 points, increasing by 1.28 points or 0.57 percent month on month, while the import iron ore price index stood at 237.95 points, decreasing by 3.22 points or 1.34 percent month on month.
For the whole of May, the average China Iron Ore Price Index (CIOPI) was at 240.67 points, up 2.34 points or 0.98 percent month on month. In particular, the average domestic production iron ore price index was at 227.79 points, up by 1.38 points or 0.61 percent, while the average import iron ore price index stood at 242.61 points, rising by 2.48 points or 1.03 percent, both month on month.