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) |