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China's iron ore price index continued to rebound in May
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China's iron ore price index continued to rebound in May

  • Categories:Industry News
  • Author:
  • Origin:China Mining News
  • Time of issue:2015-06-15 10:10
  • Views:

(Summary description)According to a report recently released by the China Iron and Steel Association, iron ore prices continued to rebound in May due to the previous month-on-month increase in steel production, the increase in iron ore demand, and the continued decline in imported iron ore stocks in the port.

China's iron ore price index continued to rebound in May

(Summary description)According to a report recently released by the China Iron and Steel Association, iron ore prices continued to rebound in May due to the previous month-on-month increase in steel production, the increase in iron ore demand, and the continued decline in imported iron ore stocks in the port.

  • Categories:Industry News
  • Author:
  • Origin:China Mining News
  • Time of issue:2015-06-15 10:10
  • Views:
Information
According to a report recently released by the China Iron and Steel Association, iron ore prices continued to rebound in May due to the previous month-on-month increase in steel production, the increase in iron ore demand, and the continued decline in imported iron ore stocks in the port.
 
The report shows that at the end of May, the China Iron Ore Price Index (CIOPI) was 221.18 points, an increase of 11.59 points or 5.53% from the previous month. Among them: the domestic iron ore price index was 214.04 points, an increase of 2.09 points, or 0.99%, and a decrease of 5.25 percentage points from the previous month; the imported iron ore price index was 223.18 points, an increase of 14.26 points, or 6.83%, and a decrease from the previous month. 3.42 percentage points.
 
Looking at the situation throughout the month, the China Iron Ore Price Index (CIOPI) averaged 218.44 points, an increase of 25.07 points or 12.96% from the previous month’s average, which turned from a decline to an increase. Among them: the average domestic iron ore price index was 213.61 points, down 0.48 points, or 0.22%; the average imported iron ore price index was 471.95 points, up 32.20 points, or 17.17%.
 
The report shows that at the end of May, the domestic iron ore concentrate price was 550.75 yuan/ton, an increase of 5.37 yuan/ton, an increase of 0.99%; the CIF price of imported fine ore was 60.28 US dollars/ton, an increase of 3.85 US dollars/ton. The increase was 6.83%.
 
The monthly average tax-included price of domestic iron ore was 549.64 yuan/ton, a decrease of 1.24 yuan/ton from the previous month, a decrease of 0.22%; the monthly average CIF price of imported fines was US$59.37/ton, compared with the previous month’s average An increase of 8.70 US dollars / ton, an increase of 17.17%, 5.91 percentage points higher than the average of the previous month.
 
The report analyzes that due to factors such as slow demand growth and continuous decline in steel prices, steel production has declined month-on-month, and the intensity of iron ore demand has declined. As ore prices continue to rebound and steel prices continue to decline, the production situation of steel companies in the later period will become more severe. The profitability of iron and steel enterprises has been weakened. In the later stage, under the background of weak demand and steady and declining steel output, iron ore prices will fluctuate.
 
Source: China Mining News
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Previous: The next outlet for steel companies is restructuring and e-commerce
Next: Intelligentization will become the development direction of my country's mining industry

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