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SteelHome Express: Imported Iron Ore Price in Tangshan Dips on Increased September Imports

https://en.steelhome.com [SteelHome] 2019-10-15 14:24:20

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Quotation of imported iron ore on Tangshan market declines by around 10 yuan/t on Tuesday.

The prevailing quotation on Tangshan market: PB fines is 745-750 yuan/t; PB lump is 845-850 yuan/t; Jimblebar fines is 680-690 yuan/t; Super Special fines is 625-630 yuan/t; Brazilian IOCJ is 805-815 yuan/t.

Meanwhile, on Shandong port, PB fines has been traded at the price of 720 yuan/t; Yandi fines at 625 yuan/t; Super Special fines at 605 yuan/t, with a drop of 5-10 yuan/t this morning,

Meanwhile, affected by the huge increases in September iron ore imports, the overall market ran weakly by and large on Tuesday.

Therefore, SteelHome predicts that prices of iron ore in China market may fluctuate slightly in the near term.

Chinese Traders' Quotation of Spot Iron Ore at Ports

Price in RMB/t,VAT included, 1 USD=7.0708 RMB (Yuan) on Oct 15

Port

Product

Bohai Xinxing International Trading

TEWOO

Cedar Holding

Tangshan Jinma

Tianjin Port

Jimblebar fines

680(-15)

 

 

 

PMC Concentrate Fines

 

730(-5)

 

 

IOCJ

 

 

 

825

Roy Hill fines

 

 

 

720

Jingtang Port

Newman lump after screening

 

870(-5)

 

875

Jimblebar fines

 

 

685(-5)

 

PB fines

 

 

 

745

IOCJ

 

 

 

795

62.3%Ukraine pellet

 

 

 

935

SP10 lump

 

 

 

730

Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Oct 15

         Market price of Imported Iron Ore at Jingtang Port for Oct 15, 2019


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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