Iron ore prices in China decreased slightly during the month of August, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of August this year, the China Iron Ore Price Index (CIOPI) stood at 241.49 points, down 2.44 points or 1.0 percent compared to the end of July. In particular, the domestic production iron ore price index stood at 234.76 points, up 9.78 points or 4.35 percent month on month, while the import iron ore price index stood at 242.5 points, decreasing by 4.3 points or 1.74 percent month on month.
For the whole of August, the average China Iron Ore Price Index (CIOPI) was at 244.94 points, up 9.67 points or 4.11 percent month on month. In particular, the average domestic production iron ore price index was at 230.84 points, up by 8.26 points or 3.71 percent, while the average import iron ore price index stood at 247.07 points, increasing by 9.88 points or 4.17 percent, both month on month.
