CISA: Iron ore prices in China increase at a slower pace during July

Tuesday, 06 August 2019 10:41:44 (GMT+3)   |   Shanghai

At the end of July this year, the China Iron Ore Price Index (CIOPI) stood at 419.51 points, up 21.19 points or 5.32 percent compared to the end of June. This increase rate indicates a slowdown compared to the 11.32 percent increase recorded during the month of June. In particular, the domestic production iron ore price index was at 367.64 points, up 32.09 points or 9.56 percent month on month, while the import iron ore price index stood at 429.32 points, increasing by 19.14 points or 4.67 percent month on month, as stated in a new report issued by the China Iron and Steel Association (CISA).

For the whole of July, the average China Iron Ore Price Index (CIOPI) was at 416.80 points, up 40.98 points or 10.90 percent compared to the end of June this year. In particular, the average domestic production iron ore price index stood at 351.51 points, up 30.83 points or 9.61 percent month on month, while the average import iron ore price index stood at 429.14 points, increasing by 42.89 points or 11.10 percent month on month.

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