Iron Ore Top Stories

Iron Outlook 2015: Hope in Expensive Toys

Iron ore prices have careened from one disaster to the next throughout 2014, but hope for the construction material could lie in specialty steels.

Major Regions Iron Ore Price (Weekly)

Regions Specification Average Prices (RMB/mt) Change (RMB/mt) Date
Zun Hua 66% Dry, VAT Included 830 -20 2010-09-30
Bei Jing 66% Dry, VAT Included 830 -20 2010-09-30
Wu An 64% Wet, VAT Excluded 835 -15 2010-09-30
Qian An 66% Dry, VAT Included 0 1970-01-01
Fan Shi 64% Wet, VAT Excluded 0 1970-01-01
Dai Xian 64% Wet, VAT Included 0 1970-01-01
Lou Fan 65% Wet, VAT Excluded 0 1970-01-01
Han Xing 66% Dry, VAT Excluded 0 1970-01-01
Bei piao 66% Wet, VAT Excluded 0 1970-01-01
An Shan 65% Wet, VAT Excluded 0 1970-01-01
Lin YI 65% Wet, VAT Excluded 0 1970-01-01
Zi Bo 65% Dry, VAT Included 0 1970-01-01

Notes

Imported Iron Ore Spot Price (Weekly)

Countries Specification Prices (USD/mt) Average (USD/mt) Change (USD/mt) Date
Australia 61.5%, FOB 0 0 1970-01-01
Brazil 65%, FOB 0 0 1970-01-01
India 63.5%, FOB 134 - 136 135 5 2010-09-03
Australia 61.5%, CIF 146 146 2 2010-09-03
Brazil 65%, CIF 154 154 1 2010-09-03
India 63.5%, CIF 151 - 153 152 6 2010-09-03

Notes

Iron Ore Output by Region (Monthly)

Regions Output(10,000 mt) Change(10,000 mt) Date
Beijing 171.6 0.00 2010-09-01
Tianjing 0 0.00 2010-09-01
Hebei 3,819.3 0.00 2010-09-01
Shanxi 585.5 0.00 2010-09-01
Inner Mongolia 688.6 0.00 2010-09-01
Liaoning 1,218.4 0.00 2010-09-01
Jilin 112.7 0.00 2010-09-01
Heilongjiang 35.1 0.00 2010-09-01
Shanghai 0 0.00 2010-09-01
Jiangsu 19.4 0.00 2010-09-01
Zhejiang 12.8 0.00 2010-09-01
Anhui 275.8 0.00 2010-09-01
Fujian 235.4 0.00 2010-09-01
Jiangxi 94.1 0.00 2010-09-01
Shandong 205 0.00 2010-09-01
Henan 107.2 0.00 2010-09-01
Hubei 112.7 0.00 2010-09-01
Hunan 39.9 0.00 2010-09-01
Guangdong 161.1 0.00 2010-09-01
Guangxi 19.5 0.00 2010-09-01
Hainan 50.5 0.00 2010-09-01
Chongqing 3.3 0.00 2010-09-01
Sichuan 797.6 0.00 2010-09-01
Guizhou 4 0.00 2010-09-01
Yunnan 162.3 0.00 2010-09-01
Tibet 0 0.00 2010-09-01
Shaanxi 31.8 0.00 2010-09-01
Gansu 87.8 0.00 2010-09-01
Qinghai 18.3 0.00 2010-09-01
Ningxia 0 0.00 2010-09-01
Xinjiang 281.6 0.00 2010-09-01

Notes

Iron Ore Import Volume (Monthly)

Products Quantity Date
Unsintered Iron Ores 5,646.25 2011-08-01
Sintered Iron Ores 261.42 2011-08-01
Pyrite 1.62 2011-08-01

Notes

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Steel Feature

High-energy consumption enterprises in Beijing, Tianjin and Hebei, and neighboring areas have been ordered to suspend or cut production in early November due to the Beijing APEC meeting.

Iron-ore Publications

More

China Iron Ore Weekly Monitor 20141216

SMM predicts that December’s import volumes will hold up and iron ore market will continue to see a glut.


China Iron Ore Weekly Monitor 20141209

Imported ore prices have been falling since the start of the year due to supply and demand imbalance, even dropping below costs of overseas mines.


China Iron Ore Monthly Monitor November, 2014

Several have gone further than simple lay-offs by selling off interests in iron mines that might be classified as “non-performing assets”


CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 621.16 623.64 612.05
HKD 80.1 80.4 78.92
100JPY 521.2 524.86 515.57
EUR 761.81 767.17 755.11
GBP 971.58 978.4 959.99
Date: 2014-12-19

Source: spot exchange rate at UTC 10:55 am every day on the website of Bank of China