USD-RMB: 6.8655    HKD-RMB: 0.88480   EUR-RMB: 7.2694   AUD-RMB: 5.2947 Feb 25, 2017 Saturday
  • 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 6.8655

On Feb 24, 2017 (To be continued)

Miner:

--Rio Tinto sold 170,000 tonnes 61%-Fe PB fines at US$89.01/tonne, laycan Mar 21-30;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 490/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 580/tonne at Caofeidian port;

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

--Iron ore,62.5%-Fe Newman fines a China based trader sold at RMB 730/tonne at Tianjin port;

--Iron ore, 63.8%-Fe Newman lumps a China based trader sold at RMB 720/tonne at Tianjin port;

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

Umetal Brief:
 
Affected by downturns of futures market in overnight trade, mainstream quotations of imported iron ore slipped by about  RMB10-20/ tonne this morning. Most market participants took wait-and-see attitude for the time being. It was reported that a few steelmakers showed procurement interest for high grade iron ore. During the day, PB fines were traded at RMB680/tonne at Qingdao port. In recent days, both prices and trading volumes declined in spot iron ore market amid gloomy sentiment. In the meantime, stockpiles at ports in North China climbed up due to mass arrivals of high grade resources, which would weigh on traders' quotations. In steel market, transaction activities continued weakened and partial dealers were eager to sell their cargo. Generally, iron ore market might keep tepid performance 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. 

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

US$ 1=RMB 6.8604

On Feb 7, 2017 (To be continued)

Miner:

--Rio Tinto sold 170,000 tonnes 61%-Fe PB fines at US$81.36/tonne, laycan Feb 27- Mar 8;

Platform:

--A tender of 50,000 tonnes 65%-Fe ICOJ sold at US$96.75/mt through COREX with Mar 3-12 delivery;

--A tender of 170,000 tonnes 62.5%-Fe BRBF sold at US$83.5/mt through COREX with Mar 14-23 delivery;

Trader:

--Iron ore, 56.5%-Fe SSF  a China based trader sold at RMB 435/tonne at Jingtang port;

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

--Iron ore, 62.5%-Fe Newman lumps a China based trader sold at RMB 695/tonne at Caofeidian port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 430/tonne at Caofeidian port;

--Iron ore,61.5%-Fe PB fines a China based trader sold at RMB 665/tonne at QTianjin port;

--Iron ore, 63.5%-Fe Newman lumps a China based trader sold at RMB 703/tonne at Tianjin  port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 435/tonne at Rizhao  port;

Umetal Brief:
   
Traders in imported iron ore market were active in making enquiry and their quotations mainly stayed flat this morning. Affected by the rebound of futures market, spot prices of iron ore gradually stabilized. After the Spring Festival holiday, ferrous metals market showed signs of weakness and steel mills also delayed their procurement plans for raw materials. Today, as spot market stopped declining, some steel mills intended to restock, which led to comparatively active transactions. In the meantime, transactions in steel market also brisked up and Tangshan billet prices bounced back to RMB2800/tonne. Then, market sentiment continued strengthening. Under this circumstance, actual transaction prices of imported iron ore hiked up by about RMB5/tonne. 

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 2017-2-17 7-day Change
Total 124.89 -0.24
Australia 42.83 -0.1
Brazil 24.15 -0.04
India 2.77 0
Trading 41 -0.1
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
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