Iron ore and pellet prices in China
Average marketing price of Tangshan Steel's 66 percent concentrate damp iron ore is RMB 480/wet metric ton ($59), while the price for Beipiao Steel's same ore is RMB 370/wet metric ton ($46). Imported iron ore and pellet prices at three main ports are as follows:
Qingdao Port
Product name Iron Place Price/wet mt Weekly Change
Content of Origin (RMB) (US$) (RMB)
Iron concentrate 63.5% India 620 77 -10
CVRD pellet 65% Brazil 820
Robe River Lump 56.5% Australia 550
Tianjin Port
Product name Iron Place Price/wet mt Weekly Change
Content of Origin (RMB) (US$) (RMB)
Fine ore 64% India 660 82 -10
Fine ore 63.5% India 630 78 -10
Fine ore 62% India 580 74 -20
Beilun Port
Product name Iron Place Price/wet mt Weekly Change
Content of Origin (RMB) (US$) (RMB)
Hamersley fine ore 63/64% Australia 630 78
Yandi fine ore 58/59% Australia 530 66
Prices are for truck loaded delivery to customer's premises.