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|CIOPI/China's Iron Ore Import Price US$94.07|
|=Its imported iron ore price goes up for 2 days in a row=|
The CIOPI (China Iron Ore Price Index) (April, 1994=100) on August 5th surveyed by the China Iron & Steel Association (CISA) rose by 0.89 points (0.3%) to 327.93 from the previous day. The details are that the price index of imported iron ore (fines, Fe content 62%) was 348.28, up 1.30 points (0.4%), while that of domestic iron ore (concentrate, Fe content 62%) was 282.97, staying flat from the preceding day. |
Concerning each of unit prices, the price of imported iron ore (fines, Fe content 62%) was US$94.07/tonne CFR, up US$0.35 (0.4%), and the imported iron ore (fines, Fe content 58%) was priced at US$79.68, up US$0.23 (0.3%) from the prior day. Prices of both types of imported iron ore were raised. The Yuan equivalents were 699.50NY and 602.85 CNY including value-added tax.
On the other hand, the domestic iron ore prices remain unchanged from a day before. Both domestic iron ore (concentrate, Fe content 62%) and domestic iron ore (concentrate, Fe content 65%) were priced at 728.14 CNY and 818.14 CNY.
On August 5th, the imported iron ore (Fe content 62%) price was 28.64 CNY lower than the domestic iron ore price (Fe content 62%). The price difference on that day narrowed by 4.8% compared to the difference of 30.09 CNY on August 4th.
|last modified : Tue 12 Aug, 2014 [11:22]|