Iron ore prices in China
In
China, ex-factory price of Tangshan origin damp base 66 percent concentrate
iron ore is at RMB 490/mt ($61), and the ex-factory price of Beipiao origin same product is at RMB 380/mt ($47). Both prices have retained previous week's levels. Looking at the imported
iron ore side, the prices and weekly changes are as follows:
Tianjin Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Fine ore 64% India 620 77 -10
Fine ore 63.5% India 605 75
Fine ore 62% India 560 69
Qingdao Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Iron Concentrate 63.5% India 595 74
Carajas fine ore 67% Brazil 710 88 -5
Robe River
lump ore 56.5% Australia 520 64 -10
Beilun Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Hamersley
fine ore 63/64% Australia 610 76
Yandi fine ore 58/59% Australia 520 64
Newman lump ore 64% Australia 640 79 +10 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.