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China's Iron Ore Price Index On August 31, 2017

China iron ore price index (CIOPI)

On August 31st China's iron ore price index (CIOPI) was 274.23 points, up 5.50 from the previous month, a gain of 2.05%.Among them: the domestic iron ore price index was 241.43 points, down 0.27 points from the previous month, and the decline was 0.11%.The import iron ore price index was 279.19 points, up 6.37 from the previous month and the increase was 2.33 percent.

Imported iron ore price (OPI)

On August 31, the cost of the direct import of the 62% grade dry base powder of iron ore was 75.41 usd/ton (i.e., us $1.2163 / ton), up by us $1.72 per ton, and the increase was 2.33%.The average price for the month was $74.12 a ton.

On August 31, the taxable price of RMB 62% of the dry base powder of the spot trade was 643.58 yuan/ton, up by 13.24 yuan per ton, and the increase was 2.10%, and the average price for the month was 635.53 yuan/ton.

On August 31, the cost of the direct import of the 58% grade dry base powder for iron ore was $62.72 / ton ($1.0814 / ton), up $1.15 per ton, or 1.87 per cent.The average price for the month was $62.50 a ton.

On August 31, the value of the RMB tax in the dry base powder of 58 per cent of the iron ore in the spot trade was 519.72 yuan/ton, up 7.40 yuan per ton from the previous month, and the increase was 1.44%, and the average price for the month was 515.06 yuan/ton.

Domestic iron ore prices

On August 31, the tax price of the Chinese iron ore with 62 % grade dry base iron ore was 621.25 yuan/ton, down 0.69 yuan per ton from the previous month, and the decrease was 0.11%.It was 22.33 yuan/ton lower than imported iron ore, with a decline of 3.47%.The average price for the month was 609.49 yuan/ton, which was 26.04 yuan/ton lower than the imported iron ore, which was 4.10%.

On August 31, the tax price of the dry base iron concentrate, which is 65% grade of domestic iron ore, was 692.18 yuan/ton, down 0.77 yuan per ton from the previous month, a decline of 0.11%.The average price for the month is 678.78 yuan/ton.