USD-RMB: 6.6633  HKD-RMB: 0.85139  EUR-RMB: 7.8356  AUD-RMB: 5.2647 Aug 24, 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 6.7075

On Aug 9, 2017 (To be continued)

China's Report of Imported Iron Ore Transaction on Aug 9, 2017

Product

Spot Cargo

Price (RMB/tonne)

60.5%-Fe MAC fines

Jingtang

565

56.5%-Fe SSF

Jingtang

570

56.5%-Fe SSF

Caofeidian

467

62.5%-Fe Newman fines

Tianjin

620

63.5%-Fe Newman lumps

Tianjin

730

61%-Fe MAC fines

Qingdao

575

61.5%-Fe PB fines

Rizhao

595

56.5%-Fe SSF

Rizhao

360

Umetal Brief:

Spot market offers saw no obvious changes today and partial traders are willing to deliver cargos, with their quotations negotiable. It� s learnt that traders show strong desire to raise the mainstream high grade fines prices and they are willing to undersell the low grade and non-mainstream fines. Lumps prices maintain a high level and market enquiries stand brisk influenced by tight cargo supply. Spot market shows obvious decline after the high level in the morning and thus steel mills witness obvious wait-and-see attitude. Moreover, steel mills� stocks still could maintain normal production and steel mills have weak purchasing desire. They focus on mainstream ore purchases and are cautious towards non-mainstream resources.

Futures market sustains fluctuations. Billet prices grow underpinned by good cargo shipments. Spot market begins to be brisk and steel mills are willing to make purchases. Spot market prices are estimated to maintain corrections amid steadiness 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.

Today's Poll

What's your expectation on China's iron ore market trend in short term?
Buoyant
Sluggish
Stable
Market Indicators
Foreign Quote | Spot Price | Domestic Iron Ore | Freight Rate
Spec. Fe% CFR ($/T) POL
PB fines 61.5 78.1 Dampier
/Hedland
PB lumps 62 91.1 Dampier
/Hedland
SFCJ 65 103.3 Tubarao
/PDM
HIYF 58 45.6 Dampier
/Hedland
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 2017-8-18 7-day Change
Total 137.37 -1.52
Australia 60.966 -0.63
Brazil 40.838 10.689
Trading 68.98 0
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
More...Buy & Sell