Iron ore prices in China

Friday, 06 January 2006 09:43:27 (GMT+3)   |  
       

Iron ore prices in China

In China, ex-factory price of Tangshan origin damp base 66 percent concentrate iron ore was at RMB 490/mt ($61) yesterday while the ex-factory price of Beipiao origin same product was at RMB 380/mt ($47). The prices increased RMB 20/mt and RMB 10/mt respectively from the previous week. Imported iron ore prices were at the following levels:
Tianjin Port
 
Product      Iron Content   Origin     Price/mt    Change
                                     (RMB)  (US$)   (RMB)
Fine ore         64%        India     645    80      -15
Fine ore         63.5%      India     625    77      -5
Fine ore         62%        India     580    72      -10
Qingdao Port
Product      Iron Content   Origin     Price/mt    Change
                                     (RMB)  (US$)   (RMB)
Iron Concentrate 63.5%      India     620    77      
CVRD pellet      65%        Brazil    820    101
Robe River
lump ore         62%        Australia 540    67
Beilun Port
Product      Iron Content   Origin     Price/mt    Change
                                     (RMB)  (US$)   (RMB)
Hamersley
fine ore         63/64%     Australia 630    78
Yandi fine ore   58/59%     Australia 525    65      -5
The above mentioned imported iron ore prices are the deal prices. They contain CFR price plus seller's profit and the cost of loading goods to the truck. 13% VAT is excluded from all prices. The water content of damp base domestic iron concentrate is approximately 10 percent.

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