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.