Iron ore prices in China indicated a downward trend during the month of September, shifting from the upward trend seen during the month of August, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of September this year, the China Iron Ore Price Index (CIOPI) stood at 226.30 points, down 47.93 points or 17.48 percent month on month. In particular, the domestic production iron ore price index stood at 228.81 points, decreasing by 12.62 points or 5.23 percent month on month, while the import iron ore price index stood at 225.92 points, declining by 53.27 points or 19.08 percent month on month.
For the whole of September, the average China Iron Ore Price Index (CIOPI) was at 254.31 points, down 15.17 points or 5.63 percent month on month. In particular, the average domestic production iron ore price index was at 237.48 points, increasing by 0.62 points or 0.26 percent, while the average import iron ore price index stood at 256.67 points, decreasing by 17.74 points or 6.46 percent, both month on month.