|
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) |
