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Feb.18.2020 1USD=6.9826RMB
  SteelHome >>Raw Material>>Market Info>>SteelHome Analysis
 
SteelHome: Iron Ore Price Flat as Market to Close while Chinese New Year Approaching on Jan.21, 2020

http://en.steelhome.cn [SteelHome] 2020-01-22 08:49:38

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The average price of domestic-produced iron ore concentrates at 14 main markets in China was 795 yuan/t on January 21, 2020, flat from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates will remain stable in the near term.

Imported Iron Ore: the seaborne price remained roughly flat on Tuesday.

Overseas iron ore price from SteelHome: Fe 61% PB fines was 94-95.5 dollars/t (CIF); Fe 65% Brazilian fines was 108-109 dollars/t (CIF); Fe 58% Yandi fines was 84-85 dollars/t (CIF).

At ports, the prevailing price of spot iron ore kept stable on Tuesday.

Table 1: Imported Iron Ore Transaction with Chinese Inland Buyers

1 USD=6.8606 RMB (Yuan) on January 21

Date

Products

Price (CNY/mt)

Price (US$/mt)

Change

Up/down (US$/mt)

Port

2020/1/21

PB fines

685

99.8

/

/

Rizhao

2020/1/21

PB fines

685

99.8

/

/

Qingdao

2020/1/21

Newman lump after screening

876

127.7

/

/

Qingdao

2020/1/21

Jimblebar fines

610

88.9

/

/

Lianyungang

2020/1/21

Super Special fines

570

83.1

/

/

Lianyungang

2020/1/21

Newman lump

875

127.5

/

/

Lianyungang

2020/1/21

PB fines

705

102.8

/

/

Jingtang

2020/1/21

Super Special fines

570

83.1

/

/

Jingtang

More Info: Imported Iron Ore Transaction with Chinese Inland Buyers

Meanwhile, with the Chinese New Year approaching, the overall market started closing, bringing slack transactions in recent days. Therefore, SteelHome considers that prices of iron ore may keep stable in the near term.

Table 2: Changes in Iron Ore Prices at China Domestic Markets

1 USD=6.8606 RMB (Yuan) on January 21

Market

Specification

Unit

2020/1/20

2020/1/21

Change

Domestic Iron Ore

(Price in CNY)

Liaoning Iron Concentrates

66%

yuan/t (dry basis)

790

790

-

Hebei Iron Concentrates

66%

yuan/t (dry basis)

880

880

-

Anhui Iron Concentrates

65%

yuan/t (dry basis)

851

851

-

Hubei Iron Concentrates

63%

yuan/t (dry basis)

810

810

-

Guangdong Iron Concentrates

64%

yuan/t (dry basis)

675

675

-

Imported Iron Ore at Shandong Ports (Price in CNY)

Australian Newman fines

62.50%

yuan/t (wet basis)

715

715

-

Australian PB fines

61.50%

yuan/t (wet basis)

700

700

-

Australian Super special fines

56.50%

yuan/t (wet basis)

575

575

-

Brazilian FMG Blend fines

62.50%

yuan/t (wet basis)

750

750

-

Brazilian fines

65%

yuan/t (wet basis)

835

835

-

Imported Iron Ore at Qingdao/Tianjin Port (Price in USD)

Australian Newman fines

62.50%

dollar/t (dry basis)

97.2

97.2

-

Australian PB fines

61.50%

dollar/t (dry basis)

95.7

95.7

-

Australian Yandi fines

58%

dollar/t (dry basis)

84.5

84.5

-

Brazilian fines

65%

dollar/t (dry basis)

108.5

108.5

-

Brazilian fines

63%

dollar/t (dry basis)

96.7

96.7

-


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