USD-RMB: 6.5883  HKD-RMB: 0.84375  EUR-RMB: 7.7714  AUD-RMB: 5.1702 Oct 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

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Iron Ore Trading Signals

UMETAL EXPRESS Trading Signals on Iron Ore on Sep 12, 2017

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

US$ 1=RMB 6.5277

On Sep 12, 2017 (To be continued)

COREX Iron Ore Trade Data on Sep 12, 2017

Fe(%)

Product

Price(US$/dmt)

62.9

Newman fines

77.70

GlobalORE Iron Ore Trade Data on Sep 12, 2017

Fe(%)

Product

Price (US$/dmt)

62

BRBF

Platts +1.95

62.5

PB lumps

Premium 0.4000/dmtu

China's Report of Imported Iron Ore Transaction on Sep 12, 2017

Product

Spot Cargo

Price (RMB/tonne)

61.5%-Fe PB fines

Jingtang

575

56.5%-Fe SSF

Caofeidian

335

61.5%-Fe PB fines

Caofeidian

575

61.8%-Fe Brazilian lumps

Caofeidian

740

61.3%-Fe MAC fines

Tianjin

565

62.5%-Fe BRBF

Qingdao

570

56.5%-Fe SSF

Rizhao

340

Umetal Brief:

Spot market morning offers of traders generally held stable this morning. Partial traders lifted their quotations by RMB5/tonne for some mainstream resources supported by brisk enquiries from spot market in the morning. Most traders have desire to deliver cargos and their quotations are negotiable. Purchasing desire of steel mills is largely influenced by the cargo shipment of steel products and they are not eager to purchases iron ore fines, while they pay high attention to iron ore lumps.

Iron ore spot market sees fair performance and traders have desire to raise the prices under cost pressures. Iron ore futures show continuous fluctuations and traders hold wait-and-see attitude. Iron ore fines transactions have kept flat since the beginning of the week, specifically, the transaction volume of Jimblebar and MAC fines witness weak performance. Price gap between SSF and FB fines falls obvious as steel mills� demand for FB fines is unfavorable, which results in the rapid decline of prices. Traders expressed that iron ore prices might rebound supported by the demand in the following days and they are not eager to deliver cargos. Many steel mills said that it’s still early to replenish their stocks and would make purchases based on their own demand in the short term.

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Buoyant
Sluggish
Stable
Market Indicators
Foreign Quote | Spot Price | Domestic Iron Ore | Freight Rate
Spec. Fe% CFR ($/T) POL
PB fines 61.5 61.8 Dampier
/Hedland
PB lumps 62 84.8 Dampier
/Hedland
SFCJ 65 85.6 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 2017-10-13 7-day Change
Total 133.63 -0.24
Australia 60.63 0.004
Brazil 34.1 0.002
Trading 69.99 0
Remark: million tonnes.
Domestic Iron Ore
Dry Shipping
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