As of July 18, prices of import iron ore for China have indicated diverse trends on week-on-week basis, with iron ore from Australia mostly declining in price, and ore prices from India indicating rises, while transaction activity for import iron ore in the past week has been at low-to-medium levels. At the same time, traders’ offers of domestic production iron ore have indicated an upward trend in Tangshan and Liaoning Province, with overall transaction activity for domestic production ore at low-to-medium levels.
At present, Indian fine ores of 63.5 percent grade are offered at $123.4/mt at Qingdao port. Meanwhile, quotations of 66 percent iron ore concentrate in Tangshan stand at $126/mt and prices of the same material are at $114/mt in Beipiao, Liaoning, both including VAT. Prices of domestic production and imported iron ore in China are presented in the following table.
During the given week, more iron ore supplies have arrived at Chinese ports, while demand in China for import iron ore has slackened due to environmental protection measures. Iron ore traders have started to sell at lower prices, trying to lock in their profits. It is thought that import iron ore prices for China will likely edge down slightly in the coming week.
Imported iron ore prices
Product Name |
Name of Port |
IronContent % |
Place of origin |
Truck loaded price (RMB/mt) |
Price($/mt) |
Weekly Change (RMB/mt) |
Newman iron ore lump |
Qingdao |
63/63.5 |
Australia |
1,034-1,044 |
150-152 |
↓10 |
Brazil fines |
63,5 |
Brazil |
917-927 |
133-135 |
↓3 |
|
Yandi fines |
58 / 59 |
Australia |
822-832 |
119-121 |
↓18 |
|
PB fines |
61,5 |
Australia |
890-900 |
129-131 |
↑5 |
|
PB iron ore lump |
62 |
Australia |
1,029-1,039 |
150-151 |
↓10 |
|
Indian fine ore |
63,5 |
India |
844-854 |
123-124 |
↑14 |
|
Indian fine ore |
63 |
India |
835-845 |
121-123 |
↑14 |
|
Indian fine ore |
62 |
India |
824-834 |
120-121 |
↑14 |
|
Indian fine ore |
61 |
India |
809-819 |
118-119 |
↑14 |
|
Indian fine ore |
59 |
India |
749-759 |
109-110 |
↑4 |
The prices are deal prices in local market.
13 percent VAT is included in all prices and all prices are ex-warehouse.
Domestic iron ore prices in local Chinese market
Product |
Spec. |
Place of Origin |
Market price excluding tax (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Domesticiron oreconcentrate |
damp base (ironcontent: 66%) |
Tangshan |
765 |
111 |
↑20 |
damp base (ironcontent: 66%) |
Beipiao |
695 |
101 |
↑20 |
13 percent VAT is excluded in all prices and all prices are ex-warehouse.
$1 = 6.88 RMB