China's Iron Ore Price Index On August 29, 2017

- Aug 30, 2017-

China iron ore price index (CIOPI)

On August 29th China's iron ore price index (CIOPI) was 267.93, down 3.11 from the previous month, a decline of 1.15 per cent.Among them: the domestic iron ore price index is 241.64 points, down 0.20 points from the previous month, and the decline is 0.08%.The import iron ore price index was 271.90, down 3.55 from the previous month, a decline of 1.29 percent.

Imported iron ore price (OPI)

On August 29, the cost of the direct import of the 62% grade dry base powder of iron ore was 73.44 usd/ton (i.e., $1.1845 / ton), down by us $0.96 per ton, down by 1.29%.The average price for the month was $74.08 a ton.

On August 29, the value of the Chinese iron ore in the spot trade was 629.02 yuan/ton, which was 629.02 yuan/ton, down 8.33 yuan per ton from the previous month, a decline of 1.31%, and the average price of the month was 635.40 yuan/ton.

On August 29, the cost of the direct import of 58% grade dry base powder for iron ore was $61.28 / ton ($1.0566 / ton), down by $1.30 per ton, down by 2.08%.The average price for the month was $62.53 a ton.

On August 29, the value of the RMB tax of 58% grade dry base powder of the spot trade was 511.24 yuan/ton, down by 6.30 yuan per ton from the previous month, a decline of 1.22%, and the average price for the month was RMB 514.97 yuan/ton.

Domestic iron ore prices

On August 29, the tax price of the Chinese iron ore with 62 % grade dry base iron ore was 621.79 yuan/ton, down 0.50 yuan per ton from the previous month, and the decline was 0.08%.It was 7.23 yuan/ton less than imported iron ore, a decline of 1.15%.The average price for the month was 608.34 yuan/ton, 27.06 yuan/ton lower than the imported iron ore, which was 4.26%.

On August 29, the tax price of the dry base iron concentrate, which is 65% grade of domestic iron ore, was 692.84 yuan per ton, down 0.53 yuan per ton from the previous month, a decline of 0.08%.The average price for the month was 677.47 yuan/ton.