|
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) |
