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Sell iron ore

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  • Company Name :Shanghai SteelHome E-Commerce Co., Ltd
  • Membership :Free member
  • Registrarion Date :2009. 03. 24
  • CountryRegion:China
  • Address:Zongcheng Building,dongfang road 818, Shanghai, China Shanghai Shanghai, China
  • Phone / Fax:86-21-50585733  /  86-021-50585368
  • Contact:Tina Tong   skype_chat
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Description

Weekly Report of China Iron Ore Market for September 18-25, 2020

Abstract

Seaborn iron ore prices plummeted in China last week. For mills, most of them started iron ore procurements which would arrive at China’s ports in November, bringing the transactions at a normal level.

On the spot market, the price kept decreasing by and large. With the bearish outlook, most traders were active in sales. The overall transactions were slack on the market.

SteelHome considers that prices of iron ore may observe rangebound movements in the short run amid robust demand.

Trading Tips

Traders are suggested to properly sell iron ore products. Mills are suggested to keep the in-plant inventory at their normal consumption levels.

Weekly Review

By September 25, 2020, SteelHome (China) Raw Materials Price Index (SHCNMI) was 140.76 points, down 2.06% on week; Iron Ore Price Index (SHCNOI) was 156.68 points (962 yuan per ton), down 2.6% week-on-week; Domestic Iron Ore Index was 140.4 points (987 yuan per ton), down 1.42% from the last week; Imported Iron Ore Index was 117.52 dollars per ton, down 5.13% week-on-week.

As of September 25, seaborne price for 61.5%-Fe PB fines decreased by 7.5 dollars/t to 116-117 dollars/t. Meanwhile, the spot price for 61.5%-Fe PB fines dropped by 30 yuan/t to 890-900 yuan/t. Tangshan domestic-produced 66%-Fe iron ore concentrate fines dipped by 10 yuan/t to 1040 yuan/t.

On September 25, the most-traded iron ore contract on the Dalian Commodity Exchange closed at 764.5 yuan a tonne, down by 38.5 yuan a tonne from the one on September 18.

  • Related Keywords :Iron Ore
  • Date Posted : 2020. 09. 27
  • Valid Until : 2021. 09. 27

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  • Sell iron ore

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