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


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