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  • China Iron Ore Mining
  • Steelmaking in China
  • Steel Mills' Inventory
  • China Iron Ore Import

A Study of Iron Ore Mining & Exploration in China

The Study of Iron Ore Mining & Exploration in China helps you:

1. Analyze current capacity, competitors and market opportunities;

2. Identify geographical undersupply or overproduction on a products by product basis;

3. Gain a solid foundation for China iron ore mining cost;

4. Obtain an insight into factors driving the iron ore mining...Full Details

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Key Iron Ore Indicator
Iron Ore Trading Signals


Exclusive Report-Trading Signals/Buy & Sell on Iron Ore

US$ 1=RMB 6.
3584

On May 7, 2018 (To be continued)

Miners' Iron Ore Trade Data (Tender) on May 7, 2018

Fe(%)

Product

Price(US$/dmt)

61

PB fines

65.67

COREX Iron Ore Trade Data on May 7, 2018

Fe(%)

Product

Price

61.5+62.3

PB fines+lumps

Jun index

62

BRBF

68.1

GlobalORE Iron Ore Trade Data on May 7, 2018

Fe(%)

Product

Price (US$/dmt)

62

PB fines

Jun index+0.2

China's Report of Imported Iron Ore Transaction on May 7, 2018

Product

Spot Cargo

Price (RMB/tonne)

61.5%-Fe PB fines

Caofeidian

473

58%-Fe FB fines

Caofeidian

323

61.9%-Fe PB fines

Jingtang

473

62.5%-Fe Newman LONS

Jingtang

575

62%-Fe Jimblebar fines

Jingtang

420

61.5%-Fe PB fines

Rizhao

467

58.5%-Fe FB fine

Rizhao

323

61.5%-Fe PB fines

Qingdao

470

Iron ore spot market is largely influenced by futures and derivatives today and the futures market prices saw downward trend. Most traders had obvious desire to deliver their cargos and reduced their quotations by RMB5-10/tonne. However, afterward futures prices start to strengthen gradually and then traders change their quotations. Most steel mills choose to play waiting games for the following spot market and some small steel mills are willing to replenish their stocks. Their purchases focus on mainstream cargos.

Iron ore spot market seems slack and steel mills witness obvious purchasing desire, with strong wait-and-see attitude. Market transactions focus on mainstream middle and high grade resources. Major transactions are witnessed at major ports of north China. Purchases from steel mills in northeast and along the Yangtze river stand unfavorable. Mainstream resources like low grade FB fines see fair transactions, while SSF transactions keep slack.

Stocks of most steel mills grow obviously supported by continuous purchases in recent days. Iron ore demand is hard to get substantial growth. Market transactions are mainly witnessed among middle and small-sized traders. Iron ore prices are expected to sustain corrections recently, while spot market transactions face great difficulties in large upturn.

Today's Poll

What's your expectation on China's iron ore market trend in short term?
Buoyant
Sluggish
Stable
Market Indicators
Foreign Quote | Spot Price | Domestic Iron Ore | Freight Rate
Imported VS. Domestic Ore
62.5% Newman 66% domestic concentrates at Tangshan Price Gap
583 615 -32
Remark: DMT, tax included, deliver to mills in cash.
Port Stocks
Region 2018-5-4 7-day Change
Total 158.78 0.91
Australia 95.27 -0.9
Brazil 35.52 4.29
Trading 101.58 -2.43
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
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