|
The average price of China
domestic-produced iron ore concentrates at 14 main markets in China was
931 yuan/t on October 26, down 5 yuan/t from the previous trading day.
It is expected that prices of China domestic-produced iron ore
concentrates may edge down in the near term.
Imported Iron Ore: the seaborne
price dipped on Monday.
Overseas iron ore price from
SteelHome: 61%-Fe PB fines was 115-116 dollars/t (CIF); 65%-Fe IOCJ was
129-130 dollars/t (CIF); 58%-Fe Yandi fines was 107-108 dollars/t (CIF),
down 0.5-1 dollar/t from the prior trading day.
At ports, the spot price for
imported iron ore dropped by 5-15 yuan/t on Monday.
Table 1: Imported Iron Ore
Transaction with Chinese Inland Buyers
1 USD=6.6725
RMB (Yuan) on October 26
|
Date |
Products |
Price (CNY/mt) |
Price (US$/mt) |
Change |
Up/down (US$/mt) |
Port |
|
2020/10/26 |
61.2%Jimblebar fines |
825 |
123.6 |
/ |
/ |
Rizhao |
|
2020/10/26 |
Yandi
fines |
810 |
121.4 |
/ |
/ |
Rizhao |
|
2020/10/26 |
Ukrainian Concentrate Fines |
890 |
133.4 |
/ |
/ |
Rizhao |
|
2020/10/26 |
Indian
Pellet |
1018 |
152.6 |
-2 |
-0.3 |
Rizhao |
|
2020/10/26 |
SP10
lump |
830 |
124.4 |
/ |
/ |
Lanshan |
More Info: Imported
Iron Ore Transaction with Chinese Inland Buyers
With the bearish outlook, most
traders were active in iron ore sales. For mills, most of them purchased
iron ore only for rigid demands.
SteelHome considers that prices
of iron ore may edge down in the short run.
Table 2: Iron Ore Prices at
China Domestic Markets
1 USD=6.6725
RMB (Yuan) on October 26
|
Market |
Specification |
Unit |
2020/10/23 |
2020/10/26 |
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 |
1010 |
-20 |
|
Anhui
Iron Concentrates |
65% |
yuan/t
(dry basis) |
1029 |
1009 |
-20 |
|
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 |
885 |
-10 |
|
Australian PB fines |
61.5% |
yuan/t
(wet basis) |
875 |
865 |
-10 |
|
Australian Super special fines |
56.5% |
yuan/t
(wet basis) |
790 |
780 |
-10 |
|
BRBF |
62.5% |
yuan/t
(wet basis) |
910 |
900 |
-10 |
|
IOCJ |
65% |
yuan/t
(wet basis) |
995 |
985 |
-10 |
|
Seaborne Price
(Qingdao Port and Tianjin Port) |
Australian Newman fines |
62.5% |
dollar/t (dry basis) |
117.5 |
117 |
-0.5 |
|
Australian PB fines |
61.5% |
dollar/t (dry basis) |
116 |
115.5 |
-0.5 |
|
Australian Yandi fines |
58% |
dollar/t (dry basis) |
108.5 |
108 |
-0.5 |
|
IOCJ |
65% |
dollar/t (dry basis) |
130.5 |
129.5 |
-1 |
|
BRBF |
62.5% |
dollar/t (dry basis) |
121 |
120.5 |
-0.5 |
Table 3: Offshore Iron Ore
Transaction
1 USD=6.6725
RMB (Yuan) on October 26
|
Date |
Product |
Volume (10,000 Tons) |
Price (US$/dmt) |
Note |
|
2020/10/26 |
PB
fines |
17 |
111.95 |
COREX
bidding price, with laycan during November 25-December 4. |
|
2020/10/26 |
Total |
17 |
|
|
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
