The average price of China
domestic-produced iron ore concentrates at 14 main markets in China was
939 yuan/t on October 14, 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 kept dropping on Wednesday.
Overseas iron ore price from
SteelHome: 61%-Fe PB fines was 118-120 dollars/t (CIF); 65%-Fe IOCJ was
131-133 dollars/t (CIF); 58%-Fe Yandi fines was 112-113 dollars/t (CIF),
down 1-2 dollars/t from the prior trading day.
At ports, the spot price for
imported iron ore dropped by 10 yuan/t on Wednesday.
Table 1: Imported Iron Ore
Transaction with Chinese Inland Buyers
1 USD=6.7296
RMB (Yuan) on October 13
Date |
Products |
Price (CNY/mt) |
Price (US$/mt) |
Change |
Up/down (US$/mt) |
Port |
2020/10/14 |
61.8%Jimblebar fines |
854 |
126.6 |
-23 |
-3.4 |
Rizhao |
2020/10/14 |
Yandi
fines |
848 |
125.7 |
/ |
/ |
Rizhao |
2020/10/14 |
PB
fines |
880 |
130.4 |
-15 |
-2.2 |
Qingdao |
2020/10/14 |
PB
fines |
885 |
131.2 |
-10 |
-1.5 |
Qingdao |
2020/10/14 |
Yandi
fines |
848 |
125.7 |
/ |
/ |
Qingdao |
More Info: Imported
Iron Ore Transaction with Chinese Inland Buyers
Meanwhile, the futures prices
slumped on Wednesday. Currently, traders are inactive in low-priced
sales.
SteelHome considers that iron
ore prices may observe rangebound movements in the short run.
Table 2: Iron Ore Prices at
China Domestic Markets
1 USD=6.7473
RMB (Yuan) on October 14
Market |
Specification |
Unit |
2020/10/13 |
2020/10/14 |
VAR |
China
Domestic-produced Iron Ore |
Liaoning Iron Concentrates |
66% |
yuan/t
(dry basis) |
950 |
950 |
- |
Hebei
Iron Concentrates |
66% |
yuan/t
(dry basis) |
1020 |
1030 |
10 |
Anhui
Iron Concentrates |
65% |
yuan/t
(dry basis) |
1060 |
1060 |
- |
Hubei
Iron Concentrates |
63% |
yuan/t
(dry basis) |
1020 |
1020 |
- |
Guangdong Iron Concentrates |
64% |
yuan/t
(dry basis) |
890 |
890 |
- |
Spot
Price
(Shandong Port) |
Australian Newman fines |
62.5% |
yuan/t
(wet basis) |
925 |
915 |
-10 |
Australian PB fines |
61.5% |
yuan/t
(wet basis) |
905 |
895 |
-10 |
Australian Super special fines |
56.5% |
yuan/t
(wet basis) |
820 |
810 |
-10 |
BRBF |
62.5% |
yuan/t
(wet basis) |
940 |
930 |
-10 |
IOCJ |
65% |
yuan/t
(wet basis) |
1025 |
1015 |
-10 |
Seaborne Price
(Qingdao Port and Tianjin Port) |
Australian Newman fines |
62.5% |
dollar/t (dry basis) |
123.5 |
121.5 |
-2 |
Australian PB fines |
61.5% |
dollar/t (dry basis) |
122 |
120 |
-2 |
Australian Yandi fines |
58% |
dollar/t (dry basis) |
114.5 |
112.5 |
-2 |
IOCJ |
65% |
dollar/t (dry basis) |
135 |
133 |
-2 |
BRBF |
62.5% |
dollar/t (dry basis) |
126.5 |
124.5 |
-2 |
Table 3: Offshore Iron Ore
Transaction
1 USD=6.7473
RMB (Yuan) on October 14
Date |
Product |
Volume (10,000 Tons) |
Price (US$/dmt) |
Note |
2020/10/14 |
62%-Fe
Mac fines |
8 |
116.5 |
COREX
bidding price, with laycan during November 6-15. |
2020/10/14 |
Jimblebar fines |
9 |
November 62%PM average index-1.3 |
COREX
bidding price, with laycan during November 6-15. |
2020/10/14 |
BRBF |
17 |
December 62%LA average index+6.05 |
COREX
bidding price, with laycan during November 20-29. |
2020/10/14 |
PB
fines |
17 |
November 62%Platts average index+3.9 |
COREX
bidding price, with laycan during November 1-10. |
2020/10/14 |
65%-Fe
IOCJ |
10 |
132.7 |
COREX
bidding price, with B/L on October 3. |
2020/10/14 |
Total |
61 |
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |