|
The
average price of China domestic-produced iron ore concentrates at 14 main
markets in China was 788 yuan/t on March 26, 2020, flat from the previous
trading day. It is expected that prices of China domestic-produced iron
ore concentrates may keep stable in the short run.
Imported
Iron Ore: the seaborne price slightly fluctuated on Thursday.
Overseas
iron ore price from SteelHome: 61%-Fe PB fines was 85.5-86.5 dollars/t
(CIF); 65%-Fe Brazilian fines was 100.5-101.5 dollars/t (CIF); 58%-Fe
Yandi fines was 76-77 dollars/t (CIF), roughly flat from the prior trading
day.
At
ports, the prevailing price of spot iron ore kept stable on Thursday.
Table
1: Imported Iron Ore Transaction with Chinese Inland Buyers
1 USD=7.0692 RMB (Yuan) on March 26
|
Date
|
Products
|
Price (CNY/mt)
|
Price (US$/mt)
|
Change
|
Up/down (US$/mt)
|
Port
|
|
2020/3/26
|
PB fines
|
655
|
92.7
|
5
|
0.7
|
Rizhao
|
|
2020/3/26
|
PB fines
|
657
|
92.9
|
7
|
1
|
Rizhao
|
|
2020/3/26
|
FMG Blend
Fines
|
570
|
80.61
|
/
|
/
|
Rizhao
|
|
2020/3/26
|
PMI Fines
|
550
|
77.8
|
/
|
/
|
Rizhao
|
|
2020/3/26
|
Jimblebar
fines
|
590
|
83.5
|
-
|
-
|
Rizhao
|
|
2020/3/26
|
PB fines
|
650
|
91.9
|
-
|
-
|
Qingdao
|
|
2020/3/26
|
FMG Blend
Fines
|
570
|
80.61
|
/
|
/
|
Qingdao
|
More
Info:
Imported
Iron Ore Transaction with Chinese Inland Buyers
Affected by the sharp fluctuations of financial markets and
limited overseas iron ore shipments, prices of iron ore fluctuated
significantly in recent days. Currently, traders are active in selling
iron ore products, Mills purchase products mainly as needed, bringing
slack transactions lately. Therefore, SteelHome considers that prices of
iron ore may rise amid fluctuations in the near term.
Table
2: Changes in Iron Ore Prices at China Domestic Markets
1 USD=7.0692 RMB (Yuan) on March 26
|
Market
|
Specification
|
Unit
|
2020/3/25
|
2020/3/26
|
Change
|
|
Domestic Iron
Ore
(Price in CNY)
|
Liaoning Iron
Concentrates
|
66%
|
yuan/t (dry
basis)
|
770
|
770
|
-
|
|
Hebei Iron
Concentrates
|
66%
|
yuan/t (dry
basis)
|
860
|
860
|
-
|
|
Anhui Iron
Concentrates
|
65%
|
yuan/t (dry
basis)
|
826
|
826
|
-
|
|
Hubei Iron
Concentrates
|
63%
|
yuan/t (dry
basis)
|
810
|
810
|
-
|
|
Guangdong
Iron Concentrates
|
64%
|
yuan/t (dry
basis)
|
640
|
640
|
-
|
|
Imported Iron
Ore at Shandong Ports (Price in CNY)
|
Australian
Newman fines
|
62.50%
|
yuan/t (wet
basis)
|
680
|
680
|
-
|
|
Australian PB
fines
|
61.50%
|
yuan/t (wet
basis)
|
665
|
665
|
-
|
|
Australian
Super special fines
|
56.50%
|
yuan/t (wet
basis)
|
535
|
535
|
-
|
|
Brazilian FMG
Blend fines
|
62.50%
|
yuan/t (wet
basis)
|
710
|
710
|
-
|
|
Brazilian
fines
|
65%
|
yuan/t (wet
basis)
|
820
|
820
|
-
|
|
Imported Iron
Ore at Qingdao/Tianjin Port (Price in USD)
|
Australian
Newman fines
|
62.50%
|
dollar/t (dry
basis)
|
87
|
87
|
-
|
|
Australian PB
fines
|
61.50%
|
dollar/t (dry
basis)
|
85.5
|
85.5
|
-
|
|
Australian
Yandi fines
|
58%
|
dollar/t (dry
basis)
|
77
|
77
|
-
|
|
Brazilian
fines
|
65%
|
dollar/t (dry
basis)
|
100.5
|
100.5
|
-
|
|
Brazilian
fines
|
63%
|
dollar/t (dry
basis)
|
87.5
|
87.5
|
-
|
Table 3: Offshore Iron Ore Transaction
1 USD=7.0692 RMB (Yuan) on March 26
|
Date
|
Product
|
Volume
(10,000 Tons)
|
Price (US$/dmt)
|
Note
|
|
2020/3/26
|
PB fines
|
10
|
Apr.
62%Platts average index+1.15
|
COREX bidding
price, with laycan during Apr.18-27.
|
|
2020/3/26
|
PB lump
|
7
|
Apr.
62%Platts average index+lump premium+0.2
|
COREX bidding
price, with laycan during Apr.18-27.
|
|
2020/3/26
|
Yandi fines
|
9
|
May 62%PM
average index-2.9
|
COREX bidding
price, arrival at ports in May.
|
|
2020/3/26
|
Total
|
26
|
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
