USD-RMB: 6.8931    HKD-RMB: 0.88584  EUR-RMB: 7.4945   AUD-RMB: 5.1534 May 01, 2017 Monday
  • 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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Iron Ore Trading Signals

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

US$ 1=RMB 6.8823

On Apr 21, 2017 (To be continued)

Miner:

--BHP sold 80,000 tonnes 63%-Fe Newman fines at US$69/dmt, laycan May 6-15;

Platform:   

--A tender of 100,000 tonnes 62%-Fe PB fines sold at May Platts 62% +0.5 through COREX with May delivery;

--A tender of 70,000 tonnes 62.5%-Fe PB lumps sold at May Platts 62% through COREX with May arrivals;

Trader:

--Iron ore, 61.3%-Fe MAC fines a China based trader sold at RMB 465/tonne at Caofeidian port;

--Iron ore, 62.5%-Fe Newman fines a China based trader sold at RMB 515/tonne at Caofeidian port;

--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 580/tonne at Caofeidian port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 505/tonne at Jingtang port;

--Iron ore, 57%-Fe SSF a China based trader sold at RMB 345/tonne at Qingdao port

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 490/tonne at Rizhao port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 370/tonne at Lianyungang port;

Umetal Brief:

Morning offers of spot market climb up by RMB10-15/tonne under rising futures yesterday. Morning enquiries of steel mills and traders are brisk and steel mills witness stock replenishment desire. Traders also are willing to purchase cargos. It’s learnt that sintering production in Tangshan will be restricted by 40%-50% since May 5 influenced by the Belt and Road Forum. Spot lumps resources transactions stand brisk. It’s reported that some market participants begin to grab resources in Shandong. Traders get more cargos than steel mills. A steel mill said that the price upturn is mainly attributable to rebound futures market. They are bearish towards the following market in early May.  

   

US$ 1=RMB 6.8993

On Apr 1, 2017 (To be continued)

Trader:

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 425/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 625/tonne at Jingtang port;

--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 640/tonne at Jingtang port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 425/tonne at Caofeidian port;

--Iron ore, 62.5%-Fe Newman lumps a China based trader sold at RMB 680/tonne at Tianjin port

-- Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 650/tonne at Tianjin port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 600/tonne at Lanshan port;

Umetal Brief:

Some morning quotations of spot market fall by RMB5/tonne today. Steel mills show flat and small spot resources enquiries. Partial traders have begun their holiday today for the weekend and overall market seems sluggish. There are rumors that big truck will face the loading limitation in Tangshan during Apr 2-5. Most steel mills have basically finished the stock replenishment. Individual steel mills make a few purchases today and most take wait-and-see attitude. Some traders postpone the cargo shipment due to the closed electronic trading. Most traders are not optimistic towards the following market and estimated that overall market prices would sustain large fluctuations in the short term.



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

US$ 1=RMB 6.8873

On Mar 17, 2017 (To be continued)

Trader:

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 475/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 685/tonne at Jingtang port;

--Iron ore, 62.5%-Fe Newman lumps a China based trader sold at RMB 727/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 460/tonne at Caofeidian port;

--Iron ore, 61.5%-Fe SSF a China based trader sold at RMB 485/tonne at Tianjin port

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 460/tonne at Qingdao port;

--Iron ore, 61.5%-Fe PB fines  a China based trader sold at RMB 685/tonne at Rizaho port;

Umetal Brief:

Spot market traders generally hold their quotations firm today and only the prices for some specifications fall slightly by RMB5/tonne. Production restriction has basically finished in partial regions, which raises the spot market resources usages. Spot market has seen obvious fluctuations in recent days and most steel mills take a wait-and-see attitude. Market transaction volume is not as expected. Spot market traders are bullish towards the following market on account of brisk market enquiries from steel mills and obvious growth in transaction price. Market transactions focus on middle & high grade fines in major north China ports. Lumps market demand begins to be stagnant. Although production restriction measures have ended, many steel mills said that they suffer no obvious pressures under current low stock level. Additionally, raw material prices remain high. Spot market transactions have not witnessed upturn and transaction prices fluctuate obviously. Steel market still reports favorable profits, which will underpin raw material spot prices. Overall market prices may increase further in the short run.

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

US$ 1=RMB 6.8814

On Feb 27, 2017 (To be continued)

Miner:

--Rio Tinto sold 170,000 tonnes 61%-Fe PB fines at US$92/tonne, laycan Mar 23-Apr 1;


Platform:

--A tender of 255,000 tonnes 65%-Fe IOCJ fines sold at US$106.5/tonne through COREX with Mar 1- Mar 10 delivery;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 505/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 730/tonne at Jingtang port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 605/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 505/tonne at Caofeidian port;

--Iron ore,62.5%-Fe Newman fines a China based trader sold at RMB 745/tonne at Tianjin port;

--Iron ore, 63.8%-Fe Newman lumps a China based trader sold at RMB 730/tonne at Tianjin port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 700/tonne at Rizhao  port;

Umetal Brief:

Traders hold their offers stable today and partial of them show desire to make cargo shipment. Most traders see intention to lift their quotations under rising futures market prices. Middle & small-sized steel mills have desire to make purchases and they show demand for middle and low grade dines. Spot market transactions witness flat performance. Steel mills hold a high stock level in recent days and their spot market demand remained unfavorable. Spot market enquiries stay brisk, while real transactions see small amount. Some traders are unwilling to sell the cargos this after the upturn in the spot market. Spot market is predicted to remain strong in the short term.

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

US$ 1=RMB 6.8806

On Feb 14, 2017 (To be continued)

Platform:

--A tender of 170,000 tonnes 62.3%-Fe BRBF sold at May MM62%+US$4.8/dmt through COREX with Mar 23- Apr 2 delivery;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 500/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 710/tonne at Jingtang port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 600/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 490/tonne at Caofeidian port;

--Iron ore,57.5%-Fe Western fines a China based trader sold at RMB 513/tonne at Tianjin port;

--Iron ore, 61.5%-Fe Jimblebar fines a China based trader sold at RMB 680/tonne at Rizhao port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 480/tonne at Qingdao  port;

Umetal Brief:

Mainstream quotations of imported iron ore rose by RMB5-10/tonne this morning while some traders kept stable quotations as they were willing to sell their cargo. During the day, iron ore futures market dived, which dampened market sentiment to some extent. It was reported that steel mills took a laidback attitude toward iron ore procurement and some of them enquiry about prices of medium grade iron ore fines. Since their current inventories could ensure normal productions in the short term, they chose to slow down purchasing.However, partial traders were seeking for high grade iron ore resources amid optimistic demand outlook. In the meantime, transactions of lump ores stayed weak. In steel market, trading enthusiasms also waned after prices hiked up, providing unfavorable support for raw materials market. 

Today's Poll

What's your expectation on China's iron ore market trend in short term?
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Sluggish
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Market Indicators
USD Price | RMB Price | Domestic Iron Ore | Freight Rates
Spec. Fe% CFR POL
IN F* 63.5/63 54.2 Chennai/Paradip
IN F* 59/58 47.8 Goa/Mangalore
Pb F* 61.5 53.9 Dampier/Hedland
SSFT 65 55.6 Tubarao/PDM
Remark: USD/DMT, IN for India, F for iron ore fines.
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 2017-4-21 7-day Change
Total 132.01 -0.87
Australia 56.84 -0.3
Brazil 26.96 -0.16
Trading 61.75 -
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
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