ޱĵ
Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Nov.25.2020 1USD=6.5809RMB
  SteelHome >>Raw Material>>Market Info>>SteelHome Analysis
 
SteelHome: Seaborne Iron Ore Price Kept Rising on October 21, 2020

http://en.steelhome.cn [SteelHome] 2020-10-22 08:56:16

share to social network site

The average price of China domestic-produced iron ore concentrates at 14 main markets in China was 936 yuan/t on October 21, 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 inched up on Wednesday.

Overseas iron ore price from SteelHome: 61%-Fe PB fines was 118.5-119.5 dollars/t (CIF); 65%-Fe IOCJ was 133-134 dollars/t (CIF); 58%-Fe Yandi fines was 111.5-112.5 dollars/t (CIF), up 0.5-1 dollar/t from the prior trading day.

At ports, the spot price for imported iron ore mixed on Wednesday.

Table 1: Imported Iron Ore Transaction with Chinese Inland Buyers

1 USD=6.6781 RMB (Yuan) on October 21

Date

Products

Price (CNY/mt)

Price (US$/mt)

Change

Up/down (US$/mt)

Port

2020/10/21

Newman lump

898

134.5

/

/

Rizhao

2020/10/21

PB fines

863

129.2

3

0.4

Qingdao

2020/10/21

PB fines

865

129.5

5

0.7

Qingdao

2020/10/21

Super Special fines

785

117.5

/

/

Qingdao

2020/10/21

Newman lump

895

134

/

/

Qingdao

More Info: Imported Iron Ore Transaction with Chinese Inland Buyers

According to SteelHome survey, mills were prudent in iron ore transactions on the spot markets, and most purchased iron ore only for rigid demands.

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=6.6781 RMB (Yuan) on October 21

Market

Specification

Unit

2020/10/20

2020/10/21

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)

120

120.5

0.5

Australian PB fines

61.5%

dollar/t (dry basis)

118.5

119

0.5

Australian Yandi fines

58%

dollar/t (dry basis)

111

111.5

0.5

IOCJ

65%

dollar/t (dry basis)

132

133

1

BRBF

62.5%

dollar/t (dry basis)

123

123.5

0.5

Table 3: Offshore Iron Ore Transaction

1 USD=6.6781 RMB (Yuan) on October 21

Date

Product

Volume (10,000 Tons)

Price (US$/dmt)

Note

2020/10/21

PB fines

9

November 62%Platts average index+2.1

COREX bidding price, with laycan during November 8-17.

2020/10/21

PB lump

8

November 62%Platts average index+lump premium

COREX bidding price, with laycan during November 8-17.

2020/10/21

Newman lump

7

December 62%Platts average index+lump premium

COREX bidding price, with laycan during December 1-10.

2020/10/21

Newman fines

10

December 62%PM average index+3

COREX bidding price, with laycan during December 1-10.

2020/10/21

Total

34


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
Related News
ϺͨŹB2-20040629
Copyright© 2004-. SteelHome.cn. All Rights Reserved
Shanghai SteelHome Information Technology Co.,  Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277