|
The average price of China
domestic-produced iron ore concentrates at 14 main markets in China was
936 yuan/t on October 20, broadly stable 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 rebounded on Tuesday.
Overseas iron ore price from
SteelHome: 61%-Fe PB fines was 116.5-118.5 dollars/t (CIF); 65%-Fe IOCJ
was 131-133 dollars/t (CIF); 58%-Fe Yandi fines was 111-112 dollars/t
(CIF), up 0.5-1 dollars/t from the prior trading day.
At ports, the spot price for
imported iron ore remained roughly stable on Tuesday.
Table 1: Imported Iron Ore
Transaction with Chinese Inland Buyers
1 USD=6.693
RMB (Yuan) on October 20
|
Date |
Products |
Price (CNY/mt) |
Price (US$/mt) |
Change |
Up/down (US$/mt) |
Port |
|
2020/10/20 |
PB
fines |
862 |
128.8 |
/ |
/ |
Rizhao |
|
2020/10/20 |
PB
fines |
860 |
128.5 |
- |
- |
Qingdao |
|
2020/10/20 |
PB
fines |
865 |
129.2 |
- |
- |
Qingdao |
|
2020/10/20 |
PB
fines |
860 |
128.5 |
-3 |
-0.4 |
Lianyungang |
|
2020/10/20 |
Newman
lump |
908 |
135.7 |
/ |
/ |
Lianyungang |
More Info: Imported
Iron Ore Transaction with Chinese Inland Buyers
Recently, the blast furnace
operating rate edged down in China, but it was still at relatively lofty
heights, supporting the demand for iron ore products.
SteelHome considers that prices
of iron ore may inch up in the short run.
Table 2: Iron Ore Prices at
China Domestic Markets
1 USD=6.693
RMB (Yuan) on October 20
|
Market |
Specification |
Unit |
2020/10/19 |
2020/10/20 |
VAR |
|
China
Domestic-produced Iron Ore |
Liaoning Iron Concentrates |
66% |
yuan/t
(dry basis) |
950 |
950 |
- |
|
Hebei
Iron Concentrates |
66% |
yuan/t
(dry basis) |
1030 |
1030 |
- |
|
Anhui
Iron Concentrates |
65% |
yuan/t
(dry basis) |
1029 |
1029 |
- |
|
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) |
895 |
895 |
- |
|
Australian PB fines |
61.5% |
yuan/t
(wet basis) |
875 |
875 |
- |
|
Australian Super special fines |
56.5% |
yuan/t
(wet basis) |
790 |
790 |
- |
|
BRBF |
62.5% |
yuan/t
(wet basis) |
910 |
910 |
- |
|
IOCJ |
65% |
yuan/t
(wet basis) |
995 |
995 |
- |
|
Seaborne Price
(Qingdao Port and Tianjin Port) |
Australian Newman fines |
62.5% |
dollar/t (dry basis) |
119.5 |
120 |
0.5 |
|
Australian PB fines |
61.5% |
dollar/t (dry basis) |
118 |
118.5 |
0.5 |
|
Australian Yandi fines |
58% |
dollar/t (dry basis) |
110.5 |
111 |
0.5 |
|
IOCJ |
65% |
dollar/t (dry basis) |
131 |
132 |
1 |
|
BRBF |
62.5% |
dollar/t (dry basis) |
122.5 |
123 |
0.5 |
Table 3: Offshore Iron Ore
Transaction
1 USD=6.693
RMB (Yuan) on October 20
|
Date |
Product |
Volume (10,000 Tons) |
Price (US$/dmt) |
Note |
|
2020/10/20 |
Yandi
fines |
11 |
September 62%PM average index+2.05 |
globalORE bidding price, arrival at ports in December. |
|
2020/10/20 |
65%-Fe
IOCJ |
19 |
133 |
COREX
bidding price, with B/L on October 5. |
|
2020/10/20 |
PB
fines |
17 |
November 62%Platts average index+3.4 |
globalORE bidding price, with laycan during November 5-14. |
|
2020/10/20 |
PB
fines |
17 |
November 62%Platts average index+3.4 |
globalORE bidding price, with laycan during November 6-15. |
|
2020/10/20 |
Total |
64 |
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
