In the October 21-27 period, the Chinese iron ore price index was at 190.76 points, decreasing by 6.58 points or 3.33 percent compared to the previous week (October 14-20), as announced by the China Iron and Steel Association (CISA). The index consists of a domestic iron ore price index and an iron ore import price index. For the given period, the China domestic iron ore price index was at 199.29 points, down 2.97 points compared to the previous week, while the iron ore import price index was at 188.37 points, indicating a decrease of 3.87 percent week on week.
In the October 21-27 period, Chinese domestic iron ore prices averaged at RMB 512.82/mt ($80.68/mt), decreasing by 1.47 percent compared to the previous week, while the average iron ore import price was at $50.88/mt, decreasing by $2.05/mt or 3.87 percent compared to the previous week.
| Item | Latest week | Previous week | Weekly change | Weekly change rate |
| (Oct 21-27) | (Oct 14-20) | |||
| 190.76 | 197.34 | -6.58 | -3.33% | |
| 199.29 | 202.26 | -2.97 | -1.47% | |
| 2. Iron ore import price index | 188.37 | 195.96 | -7.59 | -3.87% |
| Item | Latest week | Previous week | Weekly change | Weekly change rate |
| (Oct 21-27) | (Oct 14-20) | |||
| price (RMB/mt) | 512.82 | 520.46 | -7.64 | -1.47% |
| Iron ore import price ($/mt) | 50.88 | 52.93 | -2.05 | -3.87% |
| RMB price (RMB/mt) | 427.67 | 444.69 | -17.02 | -3.83% |
Notes:
The RMB price includes tax, but the iron ore import CFR US$ price excludes tax.
The above Chinese domestic iron ore is grade 62 percent iron ore concentrate (on dry basis); the import iron ore is 62 percent iron ore fine ore (on dry basis).