|
The
average price of China domestic-produced iron ore concentrates at 14
main markets in China was 876 yuan/t on August 5, up 1 yuan/t from the
previous trading day. It is expected that prices of China
domestic-produced iron ore concentrates may keep stable in the near
term.
Imported Iron Ore: the seaborne price rose by and large on Thursday.
Overseas iron ore price from SteelHome: 61%-Fe PB fines was 116.5-117.5
dollars/t (CIF); 65%-Fe IOCJ was 127-128 dollars/t (CIF); 58%-Fe Yandi
fines was 106-107 dollars/t (CIF), up around 2 dollars/t from the prior
trading day.
At
ports, the spot price for imported iron ore rose by 15-20 yuan/t on
Thursday.
Table 1: Imported Iron Ore
Transaction with Chinese Inland Buyers
1 USD=6.9438 RMB (Yuan) on August 6
|
Date |
Products |
Price (CNY/mt) |
Price (US$/mt) |
Change |
Up/down (US$/mt) |
Port |
|
2020/8/6 |
PB
lump |
910 |
131.1 |
/ |
/ |
Rizhao |
|
2020/8/6 |
62%PB
fines |
905 |
130.3 |
/ |
/ |
Qingdao |
|
2020/8/6 |
PB
lump |
908 |
130.8 |
/ |
/ |
Qingdao |
|
2020/8/6 |
PB
lump |
910 |
131.1 |
/ |
/ |
Qingdao |
|
2020/8/6 |
IOCJ |
970 |
139.7 |
/ |
/ |
Qingdao |
|
2020/8/6 |
61%Jimblebar fines |
828 |
119.2 |
/ |
/ |
Qingdao |
|
2020/8/6 |
61%Jimblebar fines |
833 |
120 |
/ |
/ |
Qingdao |
|
2020/8/6 |
62%PB
fines |
905 |
130.3 |
/ |
/ |
Lianyungang Port |
More Info:
Imported Iron Ore
Transaction with Chinese Inland Buyers
SteelHome considers that prices of iron ore may observe rangebound
movements amid current high levels as the portside inventory once again
dropped and the supply of High Fe grade Australian fines was tight on
the Shandong port.
Table 2: Iron Ore Prices at
China Domestic Markets
1 USD=6.9438 RMB (Yuan) on August 6
|
Market |
Specification |
Unit |
2020/8/5 |
2020/8/6 |
VAR |
|
China
Domestic-produced Iron Ore |
Liaoning Iron Concentrates |
66% |
yuan/t
(dry basis) |
915 |
915 |
- |
|
Hebei
Iron Concentrates |
66% |
yuan/t
(dry basis) |
990 |
995 |
5 |
|
Anhui
Iron Concentrates |
65% |
yuan/t
(dry basis) |
977 |
977 |
- |
|
Hubei
Iron Concentrates |
63% |
yuan/t
(dry basis) |
810 |
810 |
- |
|
Guangdong Iron Concentrates |
64% |
yuan/t
(dry basis) |
740 |
740 |
- |
|
Spot
Price
(Shandong Port) |
Australian Newman fines |
62.5% |
yuan/t
(wet basis) |
920 |
940 |
20 |
|
Australian PB fines |
61.5% |
yuan/t
(wet basis) |
895 |
915 |
20 |
|
Australian Super special fines |
56.5% |
yuan/t
(wet basis) |
715 |
735 |
20 |
|
BRBF |
62.5% |
yuan/t
(wet basis) |
920 |
940 |
20 |
|
IOCJ |
65% |
yuan/t
(wet basis) |
960 |
980 |
20 |
|
Seaborne Price
(Qingdao Port and Tianjin Port) |
Australian Newman fines |
62.5% |
dollar/t (dry basis) |
116.5 |
118.5 |
2 |
|
Australian PB fines |
61.5% |
dollar/t (dry basis) |
114.5 |
116.5 |
2 |
|
Australian Yandi fines |
58% |
dollar/t (dry basis) |
104 |
106 |
2 |
|
IOCJ |
65% |
dollar/t (dry basis) |
125 |
127 |
2 |
|
BRBF |
62.5% |
dollar/t (dry basis) |
117 |
119 |
2 |
Table 3:
Offshore Iron Ore Transaction
1 USD=6.9438 RMB (Yuan) on August 6
|
Date |
Product |
Volume (10,000 Tons) |
Price (US$/dmt) |
Note |
|
2020/8/6 |
62%-Fe
PB fines |
17 |
120.2 |
globalORE bidding price, with laycan during September 2-11 |
|
2020/8/6 |
IOCJ |
17 |
September 62%MB average index+2.7 |
globalORE bidding price, with B/L on August 4. |
|
2020/8/6 |
BRBF |
17 |
September 62%MM LA average index+4.15 |
COREX
bidding price, with laycan during September 1-10. |
|
2020/8/6 |
Yandi
fines |
11 |
September 62%MM LA average index-2.7 |
globalORE bidding price, with laycan during September 11-20. |
|
2020/8/6 |
Total |
62 |
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
