IOCJ-PBF spread expected to widen

Source: Mysteel Apr 01, 2026 15:46

Over the past week, the IOCJ-PBF price spread has widened significantly. As of March 19, the spread stood at Yuan 157/tonne, up Yuan 16/tonne week-on-week, driven by divergent gains in both products.

Specifically, IOCJ prices significantly outpaced PBF. As of March 19, IOCJ rose by Yuan 18/tonne to Yuan 948/tonne, supported by tight supply. Its portside inventory hit a new low for the year, falling to 10.62 million tonnes-a decrease of 3.19% week-on-week and 43.5% year-on-year. In contrast, PBF prices remained

Price Curve

Daily Prices

Iron ore concentrates procurement prices: Northwest China's major mills

Apr 01, 2026 11:00
Iron ore concentrates procurement prices: Anhui major mills

Apr 01, 2026 11:00
Iron ore concentrates procurement prices: Jiangxi major mills

Apr 01, 2026 11:00
Iron ore concentrates procurement prices: Inner Mongolia major mills

Apr 01, 2026 11:00
Iron ore concentrates procurement prices: Fujian major mills

Apr 01, 2026 11:00

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