Iron ore is an important raw material for iron and steel production enterprises. Natural ores (iron ore) are gradually selected through procedures such as crushing, grinding, magnetic separation, flotation, and re-election. In theory, any ore containing iron or iron compounds can be called iron ore. The price of iron ore is of great significance to iron ore enterprises and steel plants in China.
On August 20th, 2010, the market price of imported iron ore continued to rise slightly. The number of market inquiries increased, and the overall turnover was relatively average. Due to the unsatisfactory downstream demand for steel products, the current purchases of steel mills are still cautious, and most of them are purchased on-demand. 63.5/63 India's iron ore fines were offered for more than 160$ outside the box, but the transaction remained basically below $160. Today's spot market prices for imported iron ore: Quoted prices for 63.5% Indian ore fines at Tianjin Port were 1,200 yuan/ton, 62% PB fines price was 1,190 yuan/ton, and Qingdao Port 62% PB fines were 1,190 yuan/ton; 62% Indian powder ore is 11,10 yuan/ton; 59% Indian fines are 970 yuan/ton, 65% of Brazilian coarse flour is offered at 1,260 yuan/ton, 67% of Brazilian fine flour is offered at 1,300 yuan/ton, 56-57% Rob Powder 950 yuan/ton, Rizhao Port 62% Indian powder ore 1110 yuan/ton, 61% Indian powder mine 1060 yuan/ton, 58% YANDI powder 1050 yuan/ton, 62% Australian block mine price is 1320 yuan/ton.
The domestic fine iron powder market rose slightly in some parts of the domestic market. Affected by the recent strong external mining market and the ups and downs of the domestic steel market, the overall domestic iron concentrate market is doing well. The iron ore price market is optimistic for the latter market. On the 20th, Shanxi Fanyu 65% iron powder wet basis ex-factory price 850 yuan / ton, up 30; Hebei Handan 66% iron powder dry ex-factory price excluding tax 11,175 yuan / ton, up 30; Liaodong region Rising 10 yuan / ton. Up to now, the domestic iron ore fines market prices in various regions in the country are as follows: Anhui Fanchang 65% iron concentrate powder dry base tax mainstream price 1,280 yuan / ton, Maanshan 65% iron powder dry base tax mainstream quoted at 1,300 yuan / ton.
The import ore market in Shandong is stable overall, and spot prices in Hong Kong are strong, 63.5% of the price of printing powder is still 1180-1190, and the actual transaction is not particularly obvious, but for sellers, there is little room for price adjustment; according to the factory’s external disk The 63.5/63% mine quotation is basically $160, and domestic traders generally quote it at around US$156. It is reported that the transaction price of a single domestic trader is 63.5/63% and the transaction price is US$157. On the 18th, the price of imported ore market was stable and the offer was increased. 63.5/63 part of the large mines offer close to 160 US dollars / ton, a small turnover; 63.5% of the port reported 1170-1190; 61% printing powder 1030-1050, PB powder 1130-1160, 64.5% of the Barbados 1220-1240.
Li Qing, an associate researcher at China's Ministry of Communications, said at a shipping conference on Monday that China’s iron ore imports increased by 4.1% from January to June, and iron ore port stocks were at a high level of 68 million tons at the beginning of the year. The Chinese government is taking steps to limit the inventory backlog, but many importers and traders bought iron ore in large numbers during the recession and hope to sell at a higher price in the future to make profits.
On August 20th, 2010, the market price of imported iron ore continued to rise slightly. The number of market inquiries increased, and the overall turnover was relatively average. Due to the unsatisfactory downstream demand for steel products, the current purchases of steel mills are still cautious, and most of them are purchased on-demand. 63.5/63 India's iron ore fines were offered for more than 160$ outside the box, but the transaction remained basically below $160. Today's spot market prices for imported iron ore: Quoted prices for 63.5% Indian ore fines at Tianjin Port were 1,200 yuan/ton, 62% PB fines price was 1,190 yuan/ton, and Qingdao Port 62% PB fines were 1,190 yuan/ton; 62% Indian powder ore is 11,10 yuan/ton; 59% Indian fines are 970 yuan/ton, 65% of Brazilian coarse flour is offered at 1,260 yuan/ton, 67% of Brazilian fine flour is offered at 1,300 yuan/ton, 56-57% Rob Powder 950 yuan/ton, Rizhao Port 62% Indian powder ore 1110 yuan/ton, 61% Indian powder mine 1060 yuan/ton, 58% YANDI powder 1050 yuan/ton, 62% Australian block mine price is 1320 yuan/ton.
The domestic fine iron powder market rose slightly in some parts of the domestic market. Affected by the recent strong external mining market and the ups and downs of the domestic steel market, the overall domestic iron concentrate market is doing well. The iron ore price market is optimistic for the latter market. On the 20th, Shanxi Fanyu 65% iron powder wet basis ex-factory price 850 yuan / ton, up 30; Hebei Handan 66% iron powder dry ex-factory price excluding tax 11,175 yuan / ton, up 30; Liaodong region Rising 10 yuan / ton. Up to now, the domestic iron ore fines market prices in various regions in the country are as follows: Anhui Fanchang 65% iron concentrate powder dry base tax mainstream price 1,280 yuan / ton, Maanshan 65% iron powder dry base tax mainstream quoted at 1,300 yuan / ton.
The import ore market in Shandong is stable overall, and spot prices in Hong Kong are strong, 63.5% of the price of printing powder is still 1180-1190, and the actual transaction is not particularly obvious, but for sellers, there is little room for price adjustment; according to the factory’s external disk The 63.5/63% mine quotation is basically $160, and domestic traders generally quote it at around US$156. It is reported that the transaction price of a single domestic trader is 63.5/63% and the transaction price is US$157. On the 18th, the price of imported ore market was stable and the offer was increased. 63.5/63 part of the large mines offer close to 160 US dollars / ton, a small turnover; 63.5% of the port reported 1170-1190; 61% printing powder 1030-1050, PB powder 1130-1160, 64.5% of the Barbados 1220-1240.
Li Qing, an associate researcher at China's Ministry of Communications, said at a shipping conference on Monday that China’s iron ore imports increased by 4.1% from January to June, and iron ore port stocks were at a high level of 68 million tons at the beginning of the year. The Chinese government is taking steps to limit the inventory backlog, but many importers and traders bought iron ore in large numbers during the recession and hope to sell at a higher price in the future to make profits.
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