Iron ore prices in China continued to move upwards during the month of January, though at a slower pace, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of January this year, the China Iron Ore Price Index (CIOPI) stood at 256.79 points, up 0.90 points or 0.35 percent compared to the end of December 2017. In particular, the domestic production iron ore price index stood at 237.94 points, increasing by 4.17 points or 1.78 percent month on month, while the import iron ore price index stood at 259.64 points, rising by 0.40 points or 0.16 percent month on month.
For the whole of January, the average China Iron Ore Price Index (CIOPI) was at 263.85 points, up 12.88 points or 5.13 percent month on month. In particular, the average domestic production iron ore price index was at 238.27 points, increasing by 9.28 points or 4.05 percent, while the average import iron ore price index stood at 267.71 points, rising by 13.41 points or 5.27 percent, both month on month.