USD-RMB: 6.8701    HKD-RMB: 0.88456   EUR-RMB: 7.4538   AUD-RMB: 5.2400 Mar 27, 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

Breaking News
Imported Iron Ore | Domestic Iron Ore | Macro Poilcy | Shipping
Umetal Daily
Imported Iron Ore | Domestic Iron Ore
Umetal Insight
Umetal Insight | Weekly Review | Monthly Analysis
Imported Iron Ore
Seaborne Iron Ore Price
Physical Market Reports
Transactions | Miners' Tender | COREX | GlobalORE
Iron Ore Stocks
Port Stock | Mills' Inventory
China Stat.
Imp. | Production
Your location: Iron Ore
   
Key Iron Ore Indicator
Iron Ore Trading Signals

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. 

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

US$ 1=RMB 6.8819

On Feb 10, 2017 (To be continued)

Platform:

--A tender of 90,000 tonnes 61.5%-Fe Jimblebar fines sold at Mar Platts62%+0.3 through GlobalORE with Mar 6-15 delivery;

--A tender of 100,000 tonnes 61%-Fe PB fines & 70,000 tonnes of 62.5%-Fe PB lumps sold at Platts62%+2.3 & Platts62% through COREX with Mar 1-10 delivery;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 470/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 690/tonne at Jingtang port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 570/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 470/tonne at Caofeidian port;

--Iron ore,62.5%-Fe Newman lumps a China based trader sold at RMB 715/tonne at Tianjin port;

--Iron ore, 61.5%-Fe Jimblebar fines a China based trader sold at RMB 660/tonne at Tianjin  port;

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

Umetal Brief:
   
The morning quotes of imported iron ore further hiked up by RMB5-10/tonne comparing with that in previous trading day. Particularly, prices of medium and low grade iron ore fines witnessed sharp increase. Affected by bullish sentiment, traders intended to keep firm quotes. However, prices of lump ores showed soft tendency amid negative outlook. According to report, PB fines were traded at RMB665/tonne at Rizhao port. As transaction activities revived, actual trading volumes also went up. In the meantime, high stockpiles at ports weighed on some traders. This afternoon, futures market jumped further, even reaching limit up during the day. In this case, partial traders continued lifting their quotations. Analysts reckoned that the strong price trend in iron ore market might persist in near future. 

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

US$ 1=RMB 6.8710

On Feb 9, 2017 (To be continued)

Miner:

--Rio Tinto sold 170,000 tonnes 61%-Fe PB fines at US$82.38/tonne, laycan Mar 9-18;

--BHP sold 80,000 tonnes 63%-Fe Newman fines at US$85.59/tonne, laycan Mar 6-15;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 445/tonne at Jingtang port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 655/tonne at Jingtang port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 555/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 445/tonne at Caofeidian port;

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

--Iron ore, 61.5%-Fe Jimblebar fines a China based trader sold at RMB 645/tonne at Tianjin  port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 440/tonne at Rizhao  port;

Umetal Brief:

Spot iron ore market showed strengthening performance in recent days and actual trading prices also witnessed obvious rise. This morning, traders' quotations of imported iron ore at Chinese ports hiked up by RMB5-10/tonne. In particular, prices of low and medium grade iron ore fines went up sharply. According to statistics, iron ore stockpiles at ports stayed high, indicating sufficient supply of iron ore. It was reported that partial traders had intention to sell their cargo during the day. At Tangshan port, PB fines were traded at RMB655/tonne today. However, steelmakers' enquiry still saw no substantial improvement and their attention stayed on iron ore fines, resulting in poor demand for lump ores. Then, some traders tended to raise their prices of low grade iron ore fines. Meanwhile, physical trading activities in steel market were active, providing support for raw materials market to some extent. Generally, iron ore market would remain firm. 

Today's Poll

What's your expectation on China's iron ore market trend in short term?
Buoyant
Sluggish
Stable
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 2017-3-17 7-day Change
Total 130.84 1.05
Australia 41 0
Brazil 54.21 11.38
Trading 23.97 -0.18
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
More...Buy & Sell