|
The average price of China
domestic-produced iron ore concentrates at 14 main markets in China was
953 yuan/t on September 24, flat 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 continued dropping on Thursday.
Overseas iron ore price from
SteelHome: 61%-Fe PB fines was 116-117 dollars/t (CIF); 65%-Fe IOCJ was
129-130 dollars/t (CIF); 58%-Fe Yandi fines was 109-110 dollars/t (CIF),
down 1 dollar/t from the prior trading day.
At ports, the spot price for
imported iron ore remained broadly stable on Thursday by and large.
Table 1: Imported Iron Ore
Transaction with Chinese Inland Buyers
1 USD=6.8028
RMB (Yuan) on Sep 24
|
Date |
Products |
Price (CNY/mt) |
Price (US$/mt) |
Change |
Up/down (US$/mt) |
Port |
|
2020/9/24 |
Minas
concentrate fines |
1015 |
149.2 |
/ |
/ |
Rizhao |
|
2020/9/24 |
PB
fines |
880 |
129.4 |
-10 |
-1.5 |
Lanshan |
|
2020/9/24 |
55%Indian fines |
660 |
97 |
/ |
/ |
Lanshan |
|
2020/9/24 |
61.2%Jimblebar fines |
830 |
122 |
/ |
/ |
Qingdao |
|
2020/9/24 |
Indian
fines |
670 |
98.5 |
/ |
/ |
Lianyungang |
More Info: Imported
Iron Ore Transaction with Chinese Inland Buyers
According to SteelHome survey,
China iron ore stockpiles reached 120 million tonnes, due mainly to the
dropped shipments and restricted truck transportation in North China.
Though some mills may have
preholiday procurements, SteelHome considers that iron ore prices would
be unlikely to rebound in the short run amid bearish outlook on the
overall market.
Table 2: Iron Ore Prices at
China Domestic Markets
1 USD=6.8028
RMB (Yuan) on Sep 24
|
Market |
Specification |
Unit |
2020/9/23 |
2020/9/24 |
VAR |
|
China
Domestic-produced Iron Ore |
Liaoning Iron Concentrates |
66% |
yuan/t
(dry basis) |
980 |
980 |
- |
|
Hebei
Iron Concentrates |
66% |
yuan/t
(dry basis) |
1040 |
1040 |
- |
|
Anhui
Iron Concentrates |
65% |
yuan/t
(dry basis) |
1080 |
1080 |
- |
|
Hubei
Iron Concentrates |
63% |
yuan/t
(dry basis) |
1020 |
1020 |
- |
|
Guangdong Iron Concentrates |
64% |
yuan/t
(dry basis) |
900 |
900 |
- |
|
Spot
Price
(Shandong Port) |
Australian Newman fines |
62.5% |
yuan/t
(wet basis) |
920 |
920 |
- |
|
Australian PB fines |
61.5% |
yuan/t
(wet basis) |
900 |
900 |
- |
|
Australian Super special fines |
56.5% |
yuan/t
(wet basis) |
820 |
820 |
- |
|
BRBF |
62.5% |
yuan/t
(wet basis) |
940 |
940 |
- |
|
IOCJ |
65% |
yuan/t
(wet basis) |
1015 |
1015 |
- |
|
Seaborne Price
(Qingdao Port and Tianjin Port) |
Australian Newman fines |
62.5% |
dollar/t (dry basis) |
118.5 |
117.5 |
-1 |
|
Australian PB fines |
61.5% |
dollar/t (dry basis) |
117 |
116 |
-1 |
|
Australian Yandi fines |
58% |
dollar/t (dry basis) |
111 |
109 |
-2 |
|
IOCJ |
65% |
dollar/t (dry basis) |
130.5 |
129.5 |
-1 |
|
BRBF |
62.5% |
dollar/t (dry basis) |
122 |
121 |
-1 |
Table 3: Offshore Iron Ore
Transaction
1 USD=6.8028
RMB (Yuan) on Sep 24
|
Date |
Product |
Volume (10,000 Tons) |
Price (US$/dmt) |
Note |
|
2020/9/24 |
65%-Fe
IOCJ |
9 |
128.9 |
globalORE bidding price, with B/L on September 3 |
|
2020/9/24 |
62%-Fe
PB fines |
17 |
113.8 |
globalORE bidding price, with lay can during October 27 -
November 5. |
|
2020/9/24 |
Total |
25 |
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
