USD-RMB: 6.8992    HKD-RMB: 0.88961   EUR-RMB: 7.3216  AUD-RMB: 5.1616 Jan 18, 2017 Wednesday
  • 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 6.9141

    
On Jan 12, 2017 (To be continued)

Miner:

--Rio Tinto sold 170,000 tonnes 61%-Fe PB fines at US$ 79.51/tonne, laycan Jan 25- Feb 3;

Platform:

--A tender of 100,000 tonnes 62%-Fe Newman fines sold at US$81.1/tonne through GlobalORE with Feb 1-10 delivery;

--A tender of 170,000 tonnes 61%-Fe PB fines sold at US$79.8/tonne through COREX with Jan 26- Feb 4 delivery;

Trader:

--Iron ore, 61.5%-Fe PB fines  a China based trader sold at RMB 635/tonne at Caofeidian port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 510/tonne at Caofeidian  port;

--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 640/tonne at Jingtang port;

--Iron ore,60.5%-Fe Jimblebar fines a China based trader sold at RMB 610/tonne at Tianjin port;

--Iron ore, 63.5%-Fe Newman lumps a China based trader sold at RMB 695/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 prices of imported iron ore mainly held steady amid tepid transactions. This morning, traders tried to lift their quotations. But steel mills showed low buying interest. As a result, actual transactions were scarce. During the day, iron ore futures market extended gains and traders in physical market tended to keep firm prices. However, it seemed that most steel mills already finished replenishment, leading to sluggish demand for iron ore. According to survey, prices of iron ore at ports rose slowly. Prices of MNP, SSF and lump ores totally rose by RMB10/tonne this week. However, prices of FB fines surged by RMB35/tonne because of short-term supply shortage. Iron ore prices were estimated to be flat tomorrow on account of low buying intention. 

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

US$ 1=RMB 6.9468

    
On Dec 20, 2016 (To be continued)

Miner:

--BHP sold 170,000 tonnes 63%-Fe Newman fines at US$ 80.69/tonne , laycan Jan 6-15;

Trader:

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

--Iron ore, 58.5%-Fe FB fines  a China based trader sold at RMB 495/tonne at Caofeidian  port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 630/tonne at Jingtang  port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 453/tonne at Jingtang port;

--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 655/tonne at Jingtang port;

--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 650/tonne at Qingdao port;

--Iron ore, 62%-Fe Roy Hill lumps a China based trader sold at RMB 635/tonne at Qingdao  port;

Umetal Brief:

Mainstream quotations of imported iron ore at China's ports held steady  while partial traders chose to cut down their prices this morning. In North China, many ports were still under the influence of heavy smog, resulting in operation suspension. Meanwhile, steel mills' appetite for iron ore also stayed low on account of production restriction. It was reported that steelmakers' profits were squeezed by sluggish sales condition. Besides, some steelmakers reckoned that iron ore prices would move on in downward trend, so they only purchased on actual demand. In futures market, iron ore prices tended to be weak when closing, further enhanced panic sentiment. 

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

US$ 1=RMB 6.9289

    
On Dec 15, 2016 (To be continued)

Miner:

--BHP sold 80,000 tonnes 63%-Fe Newman fines at US$ 82.45/tonne , laycan Dec 26- Jan 4;

--Rio sold 100,000 tonnes 61%-Fe PB fines at US$ 80.39/tonne , laycan Dec 29- Jan 7;

Platform:

--A tender of 170,000 tonnes 61%-Fe PB fines sold at US$ 80.75/dmt through COREX with Jan 13-22 delivery;

Trader:

--Iron ore, 61.5%-Fe PB fines  a China based trader sold at RMB 640/tonne at Caofeidian port;

--Iron ore, 58.5%-Fe FB fines  a China based trader sold at RMB 515/tonne at Caofeidian  port;

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

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 515/tonne at Jingtang port;

--Iron ore, 61.5%-Fe Jimblebar fines a China based trader sold at RMB 620/tonne at Tianjin port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 465/tonne at Tianjin port;

--Iron ore, 62.5%-Fe PB lumps a China based trader sold at RMB 660/tonne at Qingdao  port;

Umetal Brief:

The insipid performance of imported iron ore market persisted today. Traders slightly lowered their morning quotations in comparison with that in previous day. In order to sell their cargo, traders' quotations at China's major ports were relatively soft. It was said that partial dealers chose to undersell their iron ore resources, indicating the existence of pessimistic market outlook. According to survey, more steel mills chose to wait and see due to volatile iron ore prices during recent days. Although steelmakers gradually paid attention to medium ores, their main demand was still high grade iron ore. Furthermore, the production restriction policy in some areas also made steel mills to delay their procurement plans, which might add more downside risks to iron ore market.

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

US$ 1=RMB 6.8794

    
On Dec 2, 2016 (To be continued)

    
Trader:

--Iron ore, 61.5%-Fe PB fines  a China based trader sold at RMB 630/tonne at Caofeidian port;

--Iron ore, 58.5%-Fe FB fines  a China based trader sold at RMB 505/tonne at Caofeidian  port;

--Iron ore ,61.5%-Fe PB fines a China based trader sold at RMB 630/tonne at Jingtang  port;

--Iron ore, 61.5%-Fe MAC fines a China based trader sold at RMB 630/tonne at Tianjin port;

--Iron ore, 63.5%-Fe Newman fines a China based trader sold at RMB 670/tonne at Tianjin port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 620/tonne at Qingdao port;

--Iron ore, 56.5%-Fe SSF a China based trader sold at RMB 450/tonne at Qingdao  port;

Umetal Brief:

Seaborne iron ore market mainly witness flat prices today while only some individual specifications saw slight price rise. PB fines were reported to trade at RMB640/tonne in Shandong area. As spot prices of iron ore were relatively high, steelmakers showed low buying interest as  they almost finished replenishment plans in earlier days of this week. At the same time, traders were seeking to make transactions. But poor transaction activities forced them to keep soft quotations. Currently, under influence of volatile futures market, iron ore prices might continue fluctuating. 

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

US$ 1=RMB 6.8865

    
On Nov 30, 2016 (To be continued)

    
Platform:

--A tender of 170,000 tonnes 61%-Fe PB fines sold at US$ 70.9/dmt through COREX with Jan 10-19 delivery;

--A tender of 50,000 tonnes 62.5%-Fe PB lumps sold at Dec Platts62%+US$0.08/mtu through GlobalORE with Dec delivery;

Trader:

--Iron ore, 61.5%-Fe PB fines  a China based trader sold at RMB 620/tonne at Caofeidian port;

--Iron ore, 58.5%-Fe FB fines  a China based trader sold at RMB 480/tonne at Caofeidian  port;

--Iron ore, 61.5%-Fe PB fines a China based trader sold at RMB 619/tonne at Jingtang  port;

--Iron ore, 61.5%-Fe MAC fines a China based trader sold at RMB 620/tonne at Tianjin port;

--Iron ore, 58.5%-Fe FB fines a China based trader sold at RMB 490/tonne at Qingdao port;

--Iron ore, 61.5%-Fe Jimblebar fines a China based trader sold at RMB 615/tonne at Qingdao port;

--Iron ore, 61.5%-Fe MAC fines a China based trader sold at RMB 615/tonne at Qingdao  port;

Umetal Brief:

Due to weak performance in previous trade day, imported iron ore market witnessed price reduction of RMB 10-20/tonne this morning. Meanwhile, trading volumes also shrank. Declining futures market exerted negative influence on ferrous metals market. Besides, transaction enthusiasms in steel market waned, leading to slipping prices. It was reported that partial steelmakers faced increasing pressure of tight cash. Under this circumstance, most steel mills were cautious about procurement. In the short term, bearish outlook might continue pressuring on steel and iron ore market. 

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 2017-1-13 7-day Change
Total 113.4 1.37
Australia 40.24 0.8
Brazil 21.69 0.4
India 2.77 0
Trading 39.73 0
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
More...Buy & Sell