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Chinese prices of imported iron ore softened on this week’s last business day, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes down another $0.85/dmt on day to $73.4/dmt CFR Qingdao while that for port inventories was also lower by Yuan 3/wmt ($0.43) on day to Yuan 553/wmt FOT Qingdao and including 16% VAT.
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Mysteel’s 62% portside iron ore fines price index reached Yuan 556/wmt ($80.1/wmt) FOT Qingdao and including 16% VAT as of October 18, higher by another Yuan 3/wmt day on day. At the same time, Chinese prices of imported iron ore remained generally stable from the previous day, with Mysteel’s price index for 62% seaborne iron ore fines dipping by a tiny $0.1/dmt on day to reach $74.25/dmt CFR Qingdao, though still refreshing the seven-month high.
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Chinese prices of imported iron ore both portside and seaborne on October 17 grew again to refresh seven-month highs, with Mysteel’s price index for 62% seaborne iron ore fines growing by $2.65/dmt on day to hit $74.35/dmt CFR Qingdao. Meanwhile, the 62% portside iron ore fines price index gained another Yuan 10/wmt ($1.4/wmt) on day to reach Yuan 553/wmt FOT Qingdao and including 16% VAT.
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Mysteel’s 62% seaborne Australian iron ore pricing index remained largely unchanged by edging up merely $0.25/dmt on day to $71.7/dmt CFR Qingdao, and that for the 62% portside iron ore stayed flat from Monday at Yuan 543/wmt ($78.5/wmt) FOT Qingdao and including 16% VAT on October 16, as China’s iron ore market especially for port inventories cooled down with fewer inquiries from steel producers.
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Chinese prices of imported iron ore showed signs of divergence on October 15, with Mysteel’s 62% Australian iron ore fines price index for seaborne cargoes losing the upward momentum, down $0.3/dmt from last Friday to $71.45/dmt CFR Qingdao while that for port inventories unchanged at Yuan 543/wmt ($78.4/wmt) FOT Qingdao
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Mysteel’s Tangshan Q235 billet benchmark price, a core indicator of China’s steel market sentiment, stayed at Yuan 3,890/tonne ($562/t) EXW and including the 16% VAT as of October 14 after a gain of Yuan 20/t on October 12, and many Chinese market participants felt directionless for the time being.
Tangshan market
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Mysteel’s 62% portside iron ore fines index edged up by Yuan 5/wmt ($0.72/wmt) on day to Yuan 543/wmt FOT Qingdao and including 16% VAT on October 12. The same day, the 62% seaborne iron ore fines index increased by a slight $0.75/dmt on day to $71.75/dmt CFR Qingdao.
China’s iron ore
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Chinese prices
of imported iron ore reversed down on October 11 after three straight days of
increases, with Mysteel’s price index for 62% seaborne iron ore fines sliding
by $0.6/dmt on day to reach $71/dmt CFR Qingdao. At the same time, the 62%
portside iron ore fines price index remained stable at Yuan 538/wmt
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Chinese prices of imported iron ore increased further on October 10, with Mysteel’s price index for 62% seaborne iron ore fines growing by $1.25/dmt on day to hit $71.6/dmt CFR Qingdao, refreshing its six-month high once again. At the same time, the 62% portside iron ore fines price index gained
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Chinese prices of imported iron ore continued to increase on October 9, with Mysteel’s price index for 62% seaborne iron ore fines rising 0.85/dmt on day to $70.35/dmt CFR Qingdao, refreshing its six-month high. Similarly, the 62% portside iron ore fines price index also gained another Yuan 8/wmt ($1.15/wmt) on
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On October 8, Mysteel’s 62% portside iron ore price index increased by another Yuan 3/wmt ($0.43/wmt) from the previous trading day of September 30 to Yuan 526/wmt FOT Qingdao and including 16% VAT, refreshing the seven-month high. At the same time the 62% seaborne index was $0.35/dmt higher from October
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China’s steel market sentiment has remained strong despite that the steel stocks at both the mills and trading houses swelled notably during China’s National Day holiday over October 1-5 as spot trading slowed to almost a standstill over the past week.
Rebar stocks at traders at the 35 cities, for example,
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Chinese prices of imported iron ore both for port inventories and seaborne cargoes diverged on September 28, with Mysteel’s 62% portside iron ore fines price gaining Yuan 4/wmt ($0.58/wmt) on day to Yuan 520/wmt FOT Qingdao and including 16% VAT. On the other hand, the 62% seaborne iron ore fines
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Mysteel’s 62%
portside iron ore fines index remained stable at Yuan 516/wmt ($75/wmt) FOT
Qingdao on September 27 and including 16% VAT. The same day, the 62% seaborne
iron ore fines index was also unchanged at $69.2/dmt CFR Qingdao, compared with
the previous day.
Chinese iron
ore traders held their offer prices firm for port stocks
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Mysteel’s 62% portside iron ore fines index refreshed its six-month high on September 26 with a Yuan 6/wmt ($0.87/wmt) increase on day to Yuan 516/wmt FOT Qingdao and including 16% VAT. At the same time the 62% seaborne iron ore fines index edged up by $0.3/dmt on day to $69.2/dmt
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China’s prices of imported iron ore both for port inventories and seaborne cargoes fell on September 25, with Mysteel’s 62% portside iron ore fines price receding from a 28-week high, dipping by Yuan 3/wmt($0.44/wmt) to Yuan 510/wmt FOT Qingdao and including 16% VAT and that of Mysteel’s 62% Australian iron
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Chinese steel prices softened moderately on September 21 with Mysteel’s national average HRB 400 20mm dia rebar benchmark price down Yuan 7/tonne ($1/t) on day to Yuan 4,620/t and Tangshan billet price down Yuan 20/t on day to Yuan 3,970/t, EXW, both including the 16% VAT, because of the widespread
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Mysteel’s
price index for 62% Australian iron ore finesremained unchanged on day at
$69.65/dmt CFR Qingdao as of September 21. Also on Friday, the 62% portside
iron ore fines index was basically stable at Yuan 513/wmt ($74.9/wmt) FOT
Qingdao and including 16% VAT, marginally higher by Yuan 1/wmt on a daily
basis.
China’s iron
ore traders were
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Mysteel’s 62% portside iron ore fines index was unchanged on day at Yuan 512/wmt ($74.7/wmt) FOT Qingdao and including 16% VAT on September 20, while the 62% seaborne fines index was essentially stable too at $69.65/dmt CFR Qingdao, lower by just $0.2/dmt on day.
China’s iron ore traders softened their offer
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Chinese prices of imported iron ore for both the portside and seaborne markets continued their climb on September 19, albeit at small increments. Mysteel’s 62% portside iron ore fines price rose Yuan 2/wmt($ 0.29/t) to Yuan 512/wmt FOT Qingdao and including 16% VAT to reach a half-year record, while Mysteel’s
