Iron ore prices in China indicated a downward movement during the month of March, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of March this year, the China Iron Ore Price Index (CIOPI) stood at 290.72 points, down 30.83 points or 9.59 percent month on month. In particular, the domestic production iron ore price index stood at 266.63 points, up 12.24 points or 4.81 percent month on month, while the import iron ore price index stood at 295.26 points, decreasing by 38.95 points or 11.65 percent month on month.
For the whole of March, the average China Iron Ore Price Index (CIOPI) was at 311.66 points, up 1.55 points or 0.5 percent month on month. In particular, the average domestic production iron ore price index was at 268.14 points, increasing by 22.62 points or 9.21 percent, while the average import iron ore price index stood at 319.87 points, decreasing by 2.41 points or 0.75 percent, both month on month.