Iron ore prices in China
In
China, ex-factory price of damp base 66 percent concentrate
iron ore produced in Tangshan city of Hebei province is at RMB 490/mt ($61), unchanged from the last level before the holiday. The ex-factory price of the same product in Beipiao city of Liaoning province is at RMB 390/mt ($48), up RMB 10/mt. Looking at the imported
iron ore side, the prices and weekly changes are as follows:
Tianjin Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Fine ore 64% India 650 81 +30
Fine ore 63.5% India 630 78 +25
Fine ore 62% India 590 73 +30
Qingdao Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Iron Concentrate 63.5% India 615 76 +20
Carajas fine ore 67% Brazil 690 86 -20
Robe River
lump ore 56.5% Australia 520 65
Beilun Port
Product Iron Content Origin Price/mt Change
(RMB) (US$) (RMB)
Hamersley
fine ore 63/64% Australia 610 76
Yandi fine ore 58/59% Australia 520 64
Newman lump ore 64% Australia 640 79 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.