ޱĵ
Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Dec.06.2019 1USD=7.0762RMB
  SteelHome >>Raw Material>>Market Info>>SteelHome Analysis
 
SteelHome: Iron Ore Inventory in Hebei Mills Stabilized around 19 Days' Consumption on Nov.29, 2019

http://en.steelhome.cn [SteelHome] 2019-12-02 09:26:05

share to social network site

The average price of domestic-produced iron ore concentrates at 14 main markets in China was 770 yuan/t on November 29, 2019, down 1 yuan/t from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates will remain stable in the near term.

Imported Iron Ore: the seaborne price remained roughly flat on Friday.

Overseas iron ore price from SteelHome: Fe 61% PB fines was 87.5-88.5 dollars/t (CIF); Fe 65% Brazilian fines was 100-101 dollars/t (CIF); Fe 58% Yandi fines was 79.5-80.5 dollars/t (CIF).

At ports, the prevailing price of spot iron ore remained roughly flat from the prior trading day.

Table 1: Imported Iron Ore Transaction with Chinese Inland Buyers

1 USD=7.0298 RMB (Yuan) on November 29

Date

Products

Price (CNY/mt)

Price (US$/mt)

Change

Up/down (US$/mt)

Port

2019/11/29

FMG Blend Fines

557

79.2

/

/

Rizhao

2019/11/29

PB lump

805

114.5

5

0.7

Lanqiao

2019/11/29

PB fines

653

92.9

-

-

Qingdao

2019/11/29

IOCJ

749

106.5

/

/

Qingdao

2019/11/29

PB fines

663

94.3

-2

-0.3

Caofeidian

2019/11/29

Jimblebar fines

580

82.5

/

/

Caofeidian

2019/11/29

Super Special fines

528

75.1

-2

-0.3

Caofeidian

2019/11/29

Brazilian lump after Screening

720

102.4

/

/

Caofeidian

More Info: Imported Iron Ore Transaction with Chinese Inland Buyers

According to SteelHome survey, on average, the inventory of imported iron ore in Hebei leading steel mills can support about around 19 days' consumption. Meanwhile, the average ratio of sinter ore in the blast furnace remained at 73%. And the ratio of pellets stayed at 18%. For lump, it was 9%.

Tough the local governments have issued productions curbs for environmental protection, for Fe 62 imported iron ore, the price may slightly fluctuate in the near term, with the range of 85-90 dollars/t as steelmakers have the demands for replenishing iron ore inventories in their mills.

Table 2: Changes in Iron Ore Prices at China Domestic Markets

1 USD=7.0298 RMB (Yuan) on November 29

Market

Specification

Unit

2019/11/28

2019/11/29

Change

Domestic Iron Ore

(Price in CNY)

Liaoning Iron Concentrates

66%

yuan/t (dry basis)

790

790

-

Hebei Iron Concentrates

66%

yuan/t (dry basis)

840

840

-

Anhui Iron Concentrates

65%

yuan/t (dry basis)

797

797

-

Hubei Iron Concentrates

63%

yuan/t (dry basis)

810

810

-

Guangdong Iron Concentrates

64%

yuan/t (dry basis)

640

640

-

Imported Iron Ore at Shandong Ports (Price in CNY)

Australian Newman fines

62.50%

yuan/t (wet basis)

680

680

-

Australian PB fines

61.50%

yuan/t (wet basis)

665

665

-

Australian Super special fines

56.50%

yuan/t (wet basis)

540

540

-

Brazilian FMG Blend fines

62.50%

yuan/t (wet basis)

675

675

-

Brazilian fines

65%

yuan/t (wet basis)

750

750

-

Imported Iron Ore at Qingdao/Tianjin Port (Price in USD)

Australian Newman fines

62.50%

dollar/t (dry basis)

89

89

-

Australian PB fines

61.50%

dollar/t (dry basis)

87.5

87.5

-

Australian Yandi fines

58%

dollar/t (dry basis)

79.5

79.5

-

Brazilian fines

65%

dollar/t (dry basis)

100

100

-

Brazilian fines

63%

dollar/t (dry basis)

88.5

88.5

-


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
Related News
ϺͨŹB2-20040629
Copyright© 2004-2015. SteelHome.cn. All Rights Reserved
Shanghai SteelHome E-Commerce Co.,  Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277