USD-RMB: 6.7940  HKD-RMB: 0.87065  EUR-RMB: 7.7335  AUD-RMB: 5.1912 Jun 29, 2017 Thursday
  • 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 6.8292

On Jun 27, 2017 (To be continued)

Miners' Iron Ore Trade Data (Tender) on Jun 27, 2017

Fe(%)

Product

Price

Delivery Period

61

PB fines

US$58.63/dmt

Jul 22-Jul 31

COREX Iron Ore Trade Data on Jun 27, 2017

Fe(%)

Product

Price

Delivery Period

56.7

SSF fines

US$39/dmt

Jul 3-Jul 12

65

IOCJ

US$74.65/dmt

Aug delivery

China's Report of Imported Iron Ore Transaction on Jun 27, 2017

Product

Spot Cargo

Price (RMB/tonne)

61.5%-Fe PB fines

Jingtang

445

56.5%-Fe SSF

Jingtang

315

58.5%-Fe FB fines

Caofeidian

355

62.5%-Fe Newman lumps

Caofeidian

600

61.3%-Fe Jimblebar fines

Tianjin

440

61.5%-Fe PB fines

Rizhao

440

56.5%-Fe SSF

Rizhao

314

Umetal Brief:

Spot market prices witness obvious improvement today and some traders showed desire to lift the prices in the early morning trading. Market offers basically hold stable. Traders raise their quotations by RMB10-15/tonne. Steel mills are willing to purchase cargos, pushing up spot market transactions. Market transactions focus on high grade dines and the prices for partial specifications grow obviously.

A trader said that steel mills� spot market enquiries show large amount today and partial products in individual ports are sold out. Cargo deliveries of BHP Newman fines witness small amount influenced by the incidents, which intensifies the market worries. Purchasing desire of steel mills also grows. Transaction prices grow by RMB10-15/tonne and so the trader is not bearish towards the coming market.

A steel mill said that they start to purchase to achieve the maximum profits given rising futures market. Spot market enquiries see good performance. Iron ore spot market transaction prices were predicted to rise by RMB20/tonne influenced by growing futures market in the short term.


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

US$ 1=RMB 6.7858

On Jun 7, 2017 (To be continued)

Miners' Iron Ore Trade Data (Tender) on Jun 7, 2017

Fe(%)

Product

Price

Delivery Period

61

PB fines

US$54.59/dmt

Jun 26-Jul 5

China's Report of Imported Iron Ore Transaction on Jun 7, 2017

Product

Spot Cargo

Price (RMB/tonne)

61%-Fe PB fines

Jingtang

435

58.5%-Fe FB fines

Jingtang

340

56.5%-Fe SSF

Caofeidian

315

62.5%-Fe PB lumps

Tianjin

625

62.5%-Fe Newman fines

Tianjin

495

62.5%-Fe Newman fines

Rizhao

458

56.5%-Fe SSF

Rizhao

418

Umetal Brief:

Traders� morning offers of spot market hold stable and some traders see desire to deliver cargos. Their quotations fall slightly by RMB5/tonne. Partial steel mills have purchasing desire and focus on lump and mainstream low grade fines. Overall enquiries of spot market remain fair and have not shown obvious growth.

A steel mill said that spot market remains steady and partial small-sized traders are willing to deliver cargos. They want to lift the prices. Spot market transactions have basically kept normal in recent days and steel mills replenish their stocks. Steel mills take strong wait-and-see attitude towards the following market prices influenced by steel market. The steel mill predicted that recent market will see small fluctuations.

A trader expressed that spot market remains weak and they show weak desire to make cargo shipment due to prices. Their offers are likely to fall based on purchasing amount of steel mills.


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

US$ 1=RMB 6.869
8

On May 26, 2017 (To be continued)

Miners' Iron Ore Trade Data (Tender) on May 26, 2017

Fe(%)

Product

Price

Delivery Period

61

PB fines

US$57.01/dmt

Jun 21-Jun 30

COREX Iron Ore Trade Data on May 26, 2017

Fe(%)

Product

Price

Delivery Period

62.3

BRBF

Platts Aug +1.2

Jun 12-Jun 21

62

PB fines

Platts Jun

Jun

62.5

PB lumps

Platts Jun

Jun

China's Report of Imported Iron Ore Transaction on May 26, 2017

Product

Spot Cargo

Price (RMB/tonne)

61%-Fe PB fines

Jingtang

452

58.5%-Fe FB fines

Jingtang

350

64%-Fe South African lumps

Caofeidian

620

60.8%-Fe MAC fines

Tianjin

455

61.5%-Fe PB fines

Rizhao

450

58.5%-Fe FB fines

Rizhao

350

62.5%-Fe BRBF

Rizhao

445

Umetal Brief:

Traders� offers see no obvious changes today and traders take wait-and-see attitude. Steel mills show no obvious purchasing desire and wait for further market changes. Transaction prices fall by RMB5-10/tonne on a daily basis. CSI spot index 62% stays at RMB456/tonne, dropping by RMB9/tonne.

Futures prices sustain the decline and closed at 454. Common carbon square billet prices fall by RMB10/tonne and are RMB3,090/tonne. There are many enquiries for lumps resources today and lumps resources shortage problem still exists. Price gap between PB fines and lumps has reached RMB168/tonne at the same port. However, a trader said that miners will raise their lumps shipment in the coming market and the shortage of lumps resources will be eased.

Many steelmakers have finished purchases yesterday along with improving port transactions yesterday. Traders made late offers this morning and iron ore fines resources have shown unfavorable performance in recent days. Stocks of steel mills basically could maintain normal production and thus they slow their purchases today.

Partial small-sized traders witness desire to deliver cargos at a small amount, which places little influence on overall market. Iron ore prices have seen rapid decline recently. Most traders have reported losses and their cargo shipment seems slack in recent days.

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

US$ 1=RMB 6.
9066

May 10, 2017 (To be continued)
   
China's Report of Imported Iron Ore Transaction on May 10, 2017

Product

Spot Cargo

Trading volumes (tonne)

Price (RMB/tonne)

Change

61.5%-Fe PB fines

Jingtang

10000

475

+7

56.5%-Fe SSF

Jingtang

10000

340

+7

58.5%-Fe FB fines

Caofeidian

10000

360

+10

56.5%-Fe SSF

Caofeidian

10000

340

+7

62.5%-Fe Newman fines

Tianjin

10000

500

+10

58.5%-Fe FB fines

Tianjin

10000

380

+5

61.5%-Fe PB fines

Rizhao

10000

470

+10


Umetal Brief:

Morning offers of traders basically keep steady today and the prices are negotiable for each deal. Partial traders are desire to deliver cargos and their offers are negotiable. Iron ore spot market enquiries stand brisk and market transactions edge up compared with that of yesterday. Current iron ore market is restricted by many factors and traders hold pessimistic attitude towards the subsequent market. However, they opined that lumps prices are likely to grow influenced the production reduction in some regions and the control on steel mills� desulfurization and dephosphorization equipment. And thus lumps demand will be boosted. It’s learnt that there is a traffic control during May 11-May 16 in Caofeidian port, which will influence on iron ore spot market evacuation. Billet prices are pushed up largely by RMB50-60/tonne underpinned by good steel product shipment. Many spot market traders begin to adjust their prices. Spot market prices may edge up promoted by rising steel market and obvious demand from many steel mills.

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.  

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 2017-6-16 7-day Change
Total 140.61 -0.56
Australia 63.22 0.6
Brazil 30.149 0.139
Trading 63.9 0.54
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
More...Buy & Sell