| This page was last modified on Wednesday, February 22, 2012 05:53:04 PM 2-22-12 Raw Material & Steel Prices at Glance (all prices in USD/t, unless specified) (1$=Rs45 & RMB1 =Rs6.6) Indian Steel Prices. (All Prices in Rs/ton) & USD/MT EX MGG - MS Ingot 34500,(USD $523.00/MT) Billets 35700, (USD $541.00/MT) MS Scrap 32400,,(USD $490.00/MT) DRI 29000, BFI 30500, Rebar (8mm) 42300. EXW Raipur- MS Ingot 32000, Billets 32500, MS Scrap 27000, DRI 23700, BFI 27200, Rebar (8mm) 41000.
Iron Ore Prices in India & China India Domestic Prices | %Fe | Type | Price (Rs/t) | 60 | 5-18 mm | 4500-4700 | 62 | 5-18 mm | 5200-5550 | 63 | 5-18 mm | 6800-7200 | 64 | 5-18 mm | 6700-7000 | 60 | 10-30 mm | 4100-4500 | 62 | 10-30 mm | 5500-5900 | 63 | 10-30 mm | 5900-6300 | 64 | 10-30 mm | 6300-6600 | 61 | Fines | 2000-2200 | 62 | Fines | 2200-2400 | 63 | Fines | 2500-2800 | 64 | Pellets | 8900-9300 | 63 | Blue Dust | 2350-2550 |
China Market Price (Fines) | Fe (%) | Price ($/t) | Δ | 63.5 India# | 146-147 | -1 | 61/60 India# | 130-131 | -1 | 54/54 India# | 105-106 | 0 | 52/52 India# | 96-97 | 0 | Pb Fines (61.5) | 142-144 | -1 | Pb Lumps (62.5) | 150-151 | 0 | Newman (62.5) | 146-147 | 0 | Mac Fines (61%) | 140-142 | -1 | Mac Lumps (62.5) | 148-149 | 0 | Yandi Fines (57.7) | 130-131 | 0 | Robe River (57) | 125-127 | -1 | Brazil (66) | 159-160 | 0 | Brazil (63.5) | 146-147 | -1 |
Iron Ore Position at Various Indian Ports Kandla, Gujarat | Total Vessels Waiting | 13 | Iron Ore Stock At Port (tons) | Waiting Time | Mech | Non Mech | (Days) | 1 | 2 | I.O. Vessels At Berth | 1 | I.O. Vessels Arrived | NIL | I.O. Vessels Expected | 2 |
Raw Material & Steel Prices at Glance (all prices in USD/t, unless specified) (1$=Rs45 & RMB1 =Rs6.6) 2-3-12 Iron Ore Prices in India & China India Domestic Prices | %Fe | Type | Price (Rs/t) | 60 | 5-18 mm | 4500-4700 | 62 | 5-18 mm | 5200-5550 | 63 | 5-18 mm | 6800-7200 | 64 | 5-18 mm | 6700-7000 | 60 | 10-30 mm | 4100-4500 | 62 | 10-30 mm | 5500-5900 | 63 | 10-30 mm | 5900-6300 | 64 | 10-30 mm | 6300-6600 | 61 | Fines | 2000-2200 | 62 | Fines | 2200-2400 | 63 | Fines | 2500-2800 | 64 | Pellets | 8900-9300 | 63 | Blue Dust | 2350-2550 |
2-3-12 CURRENT PRICES FOR IRON ORE (OTPX) | Reference Prices | Offers | % Fe ($/t) | FOB | Mid Point | Daily Δ | CFR | Mid Point | Daily Δ | Current Offers | 63.5/63 (OTPX) | 131-133 | 132 | 0 | 147-149 | 148 | 0 | 149-151 | 63/62 | 125-127 | 126 | 0 | 141-143 | 142 | 0 | - | 62/61 | 119-121 | 120 | 0 | 135-137 | 136 | 0 | - | 61/60 | 114-116 | 115 | 0 | 130-132 | 131 | 0 | 132-134 | 60/59 | 109-111 | 110 | 0 | 125-127 | 126 | 0 | - | 58/58 (WCI-OTPX) | 105-107 | 106 | 0 | 123-125 | 124 | 0 | 123-125 | 56/56 | 95-97 | 96 | 0 | 113-115 | 114 | 0 | - | 54/54 (WCI- OTPX) | 85-87 | 86 | 0 | 103-105 | 104 | 0 | 105 | 52/52 (WCI) | 76-78 | 77 | 0 | 94-96 | 95 | 0 | 98 | 50/50 (WCI- OTPX) | 65-67 | 66 | 0 | 83-85 | 84 | 0 | - | 48/48 (WCI)00 | 55-57 | 56 | 0 | 73-75 | 74 | 0 | 76-78 |
India | China | Rate | Spec | Region | Rate | Spec | Region | Rebar (12mm) | 44300 | (Rs/t) MRP | Delhi | 625-626 | ($/t) MRP | Shanghai | Billet | 36100 | (Rs/t) EXW | MGG | 561-562 | ($/t) MRP | Tangshan | Wire Rod | 35600 | (Rs/t) EXW | Raipur | 653-654 | ($/t) MRP | Shanghai | HRC | 42500 | (Rs/t) EXW | MGG | 664-665 | ($/t) MRP | Shanghai | CRC (0.5mm) | 43200 | (Rs/t) EXW | Mumbai | 805-807 | ($/t) MRP | Shanghai | Pig Iron | 27500 | (Rs/t) EXW | Raipur | 516-518 | ($/t) MRP | Tangshan | Scrap (HMS 1&2) | 470-480 | ($/t) EXW | Nhava Sheva | 460-465 | ($/t) CIF | Main Port | Scrap (Shredded) | 485-495 | ($/t) EXW | Nhava Sheva | 475-480 | ($/t) CIF | Main Port | HMS 1 | 475-480 | ($/t) CIF | Mumbai | HMS 2 | 465-470 | ($/t) CIF | Mumbai | Sponge Iron | 22000 | (Rs/t) EXW | Bellary | Sponge Iron | 24600 | (Rs/t) EXW | Raipur | Cast Iron | 29200 | (Rs/t) EXW | MGG | MS Ingot | 35000 | (Rs/t) EXW | MGG | LC Ingot | 36100 | (Rs/t) EXW | MGG | Coal (6300 kcal/kg) | 115.00 | ($/t) FOB | Australia | Coal (5900 kcal/kg) | 97.00 | ($/t) FOB | Indonesia | Coal (6000 kcal/kg) | 105.50 | ($/t) FOB | South Africa | HCC (Mid-Vol) | 196-198 | ($/t) FOB | Australia |
Recent Offers & Transactions | Grade | Price | Port | Quantity | Fe % | $/DMT | MT | 63 Pellets+ Lumpy Fines | 145.5 | N China | 55000 | 58/57 | 123* | N China | 60000 | 57/56 | 117 | N China | 50000 | 54/54 | 88 FOB | Goa | 60000 | 54/54 | 89 FOB | Goa | 60000 | Yandi 58 | 128.5 | N China | 128000 | Brz 67 Pellets | 187 | N China | 100000 |
(OTPX) | Reference Prices | Offers | % Fe ($/t) | FOB | Mid Point | Daily Δ | CFR | Mid Point | Daily Δ | Current Offers | 63.5/63 (OTPX) | 132-134 | 133 | 0 | 148-150 | 149 | 0 | 149-151 | 63/62 | 126-128 | 127 | 0 | 142-144 | 143 | 0 | - | 62/61 | 120-122 | 121 | 0 | 136-138 | 137 | 0 | - | 61/60 | 115-117 | 116 | 0 | 131-133 | 132 | 0 | 132-134 | 60/59 | 110-112 | 111 | 0 | 126-128 | 127 | 0 | - | 58/58 (WCI-OTPX) | 106-108 | 107 | 0 | 124-126 | 125 | 0 | 123-125 | 56/56 | 96-98 | 97 | 0 | 114-116 | 115 | 0 | - | 54/54 (WCI- OTPX) | 86-88 | 87 | 0 | 104-106 | 105 | 0 | 105 | 52/52 (WCI) | 77-79 | 78 | 0 | 95-97 | 96 | 0 | 98 | 50/50 (WCI- OTPX) | 66-68 | 67 | 0 | 84-86 | 85 | 0 | - | 48/48 (WCI)00 | 56-58 | 57 | 0 | 74-76 | 75 | 0 | 76-78 |
Market Commentary 1-12-12 Iron Ore & Steel:: India IIP Figures: · India's industrial output recovered in November providing a glimmer of optimism for the country. Output (INPIINDY) at factories, utilities and mines increased 5.9 percent in November from a year earlier after a revised 4.7 percent decline in the previous month. Now, it is likely that the RBI might keep the borrowing costs unchanged for a straight second month to battle inflation.
Trade At Closing: · Markets close with some better results today as the number of concluded transactions remain on the better side comparatively. · The steel mills are not showing any interest in fresh material and only the big reliable suppliers are able push in cargoes from India. · The situation is steady and gradually corroding as the Chinese New Year vacations close in. · OreTeam Price Index maintains yesterday’s closing levels. Coal:: Europe is facing the warmest winters in about 30 years which has relaxed the demand of coal in the region. Sea-borne thermal coal prices slid again as the Atlantic trade saw little slowdown. The spot prices at ARA shed about a dollar following the drop in Crude Oil prices. Meanwhile, a February loading standard South African thermal coal cargo was bid just above $105 per ton, down by more than a dollar (FOB Richards Bay). Ferrous Scrap:: Imported scrap prices landing into India from Europe and Middle East held steady at Nhava Sheva. However, the European offers are for HMS1 and HMS2 are reported around $470 - $480 per ton, respectively on the CFR India terms. Meanwhile, the HMS (80:20) prices remained steady as the trade for the day began. Moreover, Indian domestic scrap prices gained some pace at Alang, where ship breaking scrap prices gained about Rs. 200 per ton as the trade for the day commenced.
DRI/Pig Iron :: Indian sponge iron prices depicted some movement at Durgapur (+300), Mandi Gobindgarh (+400), Raigarh (+400) and Rourkela (+400) during the morning session of trade. The pig iron prices depicted at flat trend at all the major trading hubs including Durgapur, Jamshedpur, Keonjhar and Raipur.
Weekly Review of Iron Ore Spot Prices 1-11-12 According to Platts, iron ore spot prices increased for the week of January 2nd, 2011 and have been increasing over the previous 2 weeks. Compared to four weeks ago, prices have increased by $1.25/dmt (0.9%). All prices are CFRFO, North China.
Iron Ore Index reference FOB prices: 1-9-12
(%Fe-$/t)- 63.5/63-128 58/58-103 54/54-86 52/52-76 50/50-65 48/48-55 Possibly the last rise in the prices for 2011 giving a slight lift to the sentiment at year end. Big participants to come back into the market in 1st week of Jan to give some boost to trade. Transactions concluded- · 5 53/53% Fe fines concluded at $98 CFR, 50000 dmt · 4 48/48% Fe fines concluded at $70 CFR with HK trader, further resold at $73 CFR to Chinese mill. 1-4-12
Market Wrap Up Coming week the scenarios are going to be very interesting – If the rates (RRR) are reduced more mills will come back into the buying mode which could lead to - Some relief visible to the trade, both Indian and ex-Indian. Due to holiday year-end approaching, cargoes from biggies will slow down giving some window to the Indian supplies. Prices may stabilize but any upward movement in the year-end might be a very optimistic view. Liquidity may also ease down a little if the rates are reduced giving mills the options to look for some bigger cargoes. Steel prices will remain stable with no change as year-end sales will be quite low. Paper trade will definitely pick up amidst the rising rates. A slight possibility that the prices might move up before China closes for New Year break might compel some buyers to stock up in advance Iron Ore Prices in India & China India Domestic Prices | %Fe | Type | Price (Rs/t) | 60 | 5-18 mm | 4200-4400 | 62 | 5-18 mm | 4900-5250 | 63 | 5-18 mm | 6500-6900 | 64 | 5-18 mm | 6400-6700 | 60 | 10-30 mm | n. a. | 62 | 10-30 mm | 5200-5600 | 63 | 10-30 mm | 5600-6000 | 64 | 10-30 mm | 6000-6300 | 61 | Fines | n. a. | 62 | Fines | 2000-2200 | 63 | Fines | 2300-2600 | 64 | Pellets | 8600-9000 | 63 | Blue Dust | 2150-2350 |
China Market Price (Fines) 22 DEC 2011 | Fe (%) | Price ($/t) | Daily Δ | 63.5 India | 137-138 | 0 | 61 India | 120-121 | 0 | 54 India | 95-96 | 0 | 52 India | 85-86 | 0 | Pb Fines (61.5) | 131-132 | -1 | Pb Lumps (62.5) | 138-139 | -1 | Newman (62.5) | 134-135 | -2 | Mac Fines (61%) | 129-130 | -1 | Mac Lumps (62.5) | 136-137 | -1 | Yandi Fines (57.7) | 116-117 | 0 | Robe River (57) | 112-113 | 0 | Brazil (66) | 148-148 | -1 | Brazil (63.5) | 135-135 | -1 |
22 Dec 2011 Recent Offers & Transactions | Grade | Price | Port | Quantity | Fe % | $/DMT | MT | Mac Fines 61% Aus | 128.8 | N China | 120000 | 65% Lumps Brz | 152.25 | N China | Cape | 57/56 | 89-91* | Goa (FOB) | 2 x 70000 | 64% Brz | 145 | N China | 245000 | 57% Robe River | 112-113 | N China | 2 x Cape | 63.5/63 | 140-141 | N China | 50000 | 48/48 | 70-71 | N China | 60000 | Green Cells Denote Offers & Red Concluded Transactions |
Indian iron ore export prices resume downtrend 12-14-11 Spot prices for iron ore imported into China are again trending downwards, falling by about $3-4/tonne over the past week, after an $8-10/t rebound the week before. Lacklustre Chinese demand and increased availability of competitively-priced Brazilian and Australian material are depressing spot prices, especially for high-grade ores.
Some Indian miners are offering cargoes of 63.5%/63% Fe fines at $148-149/t cfr China, but most market participants dismiss this price level as unattainable under present market conditions. Though trading of Indian-origin fines remains thin, theoretical estimates for transaction levels provided by most sources average $141-143/t cfr as of 13 December, down from $144-146/t cfr last week.
Iron ore and coking coal contract pricing: A review
12-14-11 - Six months after the world’s biggest iron ore and coking coal producers announced they would do away with annually negotiated contract prices, global steelmakers have had to come to grips with different ways miners want to sell their products using spot price indexes. This Platts.com feature provides a review of the various pricing systems miners have offered, based on company announcements and customer accounts. Iron ore sees two-speed pricing Iron ore is now being priced on two different time tracks. This is because each miner has chosen to cope with crucial operational issues like determining payment prior to delivery. Brazil’s Vale and Anglo-Australian Rio Tinto, the two largest producers, are setting prices quarterly, based on index values lagging up to four months prior. For example, iron ore for delivery in October-December are determined by what the indexes publish over June to August. The month-long gap in September serves as a buffer, as customers must usually present letters of credit before cargoes are shipped from their origins. Such “delayed” pricing mechanisms have allowed steelmakers to have prior knowledge of iron ore prices before a quarter starts. The delayed approach, however, presented problems for some end-users in July, when Chinese steel prices slumped, but steel mills had to cope with record-high iron ore prices in April and May. Australia’s BHP Billiton, on the other hand, has been able to employ more “real-time” pricing for its contracts through the use of index-based provisional prices, on which L/Cs are first opened before a final price is calculated at the end of a quarter or month. Most of BHP’s customers have shifted to a quarterly or monthly pricing system, with prices determined by index values over the quarter or month that delivery is made, customers have told Platts. For a customer choosing to pay quarterly, for example, Q4 prices would first be determined provisionally by index values published earlier -- like the first 15 or 20 days of September -- and L/Cs would be opened based on that. At the end of Q4, a final price would be computed, and the difference in price would be made up by either party. Once a customer makes a choice between quarterly and monthly, and the time period on which a provisional price is based, it is obligated to stick to it. Fortescue Metals Group’s pricing mechanism goes even further -- perhaps best described as a calibrated spot. The miner prices each shipment based on index values over the five days before a vessel’s notice of readiness (NOR) is served at the discharge port. Like BHP Billiton, Fortescue -- also an Australian supplier -- sets a provisional price for its cargoes based on index values from an earlier period. According to customers, the average of indexes over the first five days of the month preceding the delivery is used. For example, a cargo arriving in October will have its provisional price determined by index values over the first five days of September. When it arrives, the five-day average of index values before the NOR sets the final price. While this pricing mechanism means nobody can predict what the price of each shipment will be until it arrives, a source at a Chinese steelmaker has said it was “fair” as long as Fortescue’s deliveries over various months are made regularly.
Spot iron ore prices rise to US$137~US$140/ton C&F 11-29-11 Reportedly, the spot iron ore prices have continued to rise in global market.
At present, the spot prices of Indian iron ore fine contain 63.5% Fe are have rebounded to US$134~US$137/ton C&F, up by US$3/ton in comparison of that in a week earlier.
It’s analyzed that the rising spot iron ore prices were pushed up the active purchase of Chinese steel mills.
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Tight iron ore supply may ease by end-2012, oversupply possible SHANGHAI, 11-11-11 - The recent slump in global iron ore price signals the market may be reaching a turning point, China's top listed steel mill Baoshan Iron & Steel Co Ltd (Baosteel) , said on Monday, adding that the price correction will allow a healthy expansion for steel producers and miners. Baosteel, which reported a 51-percent slump in third-quarter net profit on Friday, also said it was in negotiations with top iron ore producer Vale SA to review prices for fourth-quarter supplies. "I expect the current tightness in iron ore supplies to ease by around end-2012 or 2013. The market may even reverse to be oversupplied after a flurry of mine investments," Baosteel General manager Ma Guoqiang said during an online results briefing. Ma's comments echo those by the country's steel association, which said on Monday that global iron prices could continue to fall even after the record slump this month. For a report on Baosteel's Q3 profits, click on If predictions from China's steel barons turn out to be accurate, that would mean the heydays of fat profits for miners such as Brazil's Vale SA and Australia's Rio Tinto (Berlin: CRA1.BE - news) could soon be over. Other newcomers pushing to develop high-cost mines could see losses on their investments. Some analysts have said the recent economic malaise in the West and slower growth targets set by China, the world's top steel producer, means the wall of new iron ore supply set to come onstream by around 2013 could struggle to find buyers. Spot iron ore prices have tumbled about 32 percent in October from month ago to $116 per tonne, as miners continued to flood the market despite slowing demand from China. "The explosive jump in iron ore prices and miners' profits in recent years has hurt steelmakers and the development of the whole supply chain," Ma said. "A reasonable correction in prices would support the healthy expansion of both steel mills and miners." Baosteel was in negotiations with Vale on pricing terms for fourth-quarter iron ore supplies, Ma said, confirming an earlier Reuters report. "At present, the pricing trend is to move closer in line with spot rates," he said. The company also said its fourth-quarter sales were expected to be stable, as falling orders in some sectors were offset by strong sales to others. Longer term, Baosteel said government efforts to consolidate the industry and phase out excess capacity would gradually improve steelmakers' margins, which averaged 2.99 percent for the first nine months of 2011. China is expected to produce about 700 million tonnes of crude steel this year accounting for nearly half of global production.
10-31-11 Iron Odisha ore Snap Shot OMC Hikes Prices By Rs 200- 300/MT Odisha Mining Corp hikes Iron Ore lumps prices by Rs 200- 300/MT for the 3rd Quarter. Prices have moved up on scarcity of raw material in the sector and rising steel prices, said a market participant The price of 10-40 MM with Fe 62% reached Rs 4,203. whereas, prices at Gandhamardhan were Rs 4,585 for 10-40 with Fe 62% and 10- 180 MM with Fe 65% at Rs 4,550/MT. DDM stops permit for Iron ore to plants outside Odisha Deputy Director of Mines, Joda (Odisha) has stopped issuing permits of Iron Ore to sponge plants outside Orissa and all exporters till 6th November 2011. So, according to market players, “Supply of iron ore will remain tight for next few days.” Chhattisgarh NMDC Announces 3rd Qtr. Prices With A Hike Of Rs 400- 500/MT The state owned iron ore miner NMDC has also revised Mines Name Grade 5-18mm Grade 10-30mm Grade Fines Fe % (Rs/MT) Fe % (Rs/MT) Fe % (Rs/MT) Essel Mining 63% 6,900* 63% 6,300* 63% 3,000* 65% 7,950* - - - - Essel Mining (Koida) 63% 6550* 61% 5,900* - - - - 60% 5,350* - - Rungta Mines 63% 6,900* 63% 6,300* NA NA
AMTC 63% 6500 61% 5400 63% 2700
Kaypee Enterprises 63% 6,360 62% 5,570 63% 2,610
KJS Ahluwalia 63% 6010 61% 5310 63% 2410
Indrani Patnaik** 63% NA 61% NA 63% 2,200
61% 5,000 59% 4,200 - -
Serajuddin** 63% 6,100* - NA - NA
63% 5800 - NA - NA
KMC** 63% NA 60% NA 63% 2,400
RP Sao 63% 5500 - - 62% 2250
DR Patnaik,Mesco, Gitarani Mohanty bookings remain closed
Prices Ex Mines, Incld Royalty, Taxes Extra * Prices Loaded to wagons, Incld Royalty,Taxes Extra
** Bookings closed
Mines Name Grade 10-150mm Grade 6-40mm Grade Fines
NMDC 65% 5,120 65% 4,270 64% 3,763*
Prices Ex Mines, Exclusive of royalty & taxes extra,*Prices including Royalty
the Iron ore lumps prices by Rs 400-500/ MT for the 3rd quarter. The move to rise prices was exactly opposite to the Market expectations as the previous offers were already high and market players expected prices were to fall.
Indian Railways Hikes Freight Rates by 6%
Indian Railways has announced a 6% hike in its freight charges for all commodities including iron ore & coal to meet the growing financial burden due to rising operating cost. The hike will have a cascading effect on prices. With increase in transportation cost of coal and iron ore, traders will pass on the burden to the consumers. The hike takes the busy season charge tyo 10% from the previous of 7% and is likely to continue till June 30, 2012 .
Domestic Market 20/10 12/10 Odisha Rs/MT Rs/MT
5-18 mm (Fe 63 %) 6,900* 6,900* 10-30 mm (Fe 63 % ) 6,300* 6,300* Blue Dust (Fe 63 %) 2,400 3,000* Pellets 8,900* _ Sponge iron (Ex Raipur) 23,400 22,500
International Market $/MT $/MT Iron ore fines (CNF CHINA)
Fe 63.5/63 % 153 165 Fe 62 % 150 159 Fe 58 % 123 135
Futures Market $/MT $/MT
Iron ore forward Swaps (Fe 62%) 159 162 Shanghai Re-bar Futures 645 679
Currency Rs Rs
1 USD 49.66 49.32
* Prices Loaded to wagons, Incld Royalty
FOB & CFR Prices of Iron Ore in China 10-19-11 | Indian Iron Ore Fines | US$ per dry metric tonne; 8% Moisture; One-port loading in India. | | FOB | CFR China | Date | Remark | Fe 63.5/63% | 146(-) | 160-161(-) | 2011-20-10 | L/P: Vizag/Paradip; 8% Moisture | Fe 63/62% | 144(-) | 159-160 (-) | 2011-20-10 | L/P: Vizag/Paradip; 8% Moisture | Fe 62/61% | 160(-) | 176-177 (-) | 2011-15-09 | L/P: Vizag/Paradip; 8% Moisture | Fe 61/60% | 153(-) | 169-171 (-) | 2011-09-09 | L/P: Vizag/Paradip; 8% Moisture | Fe 60/59% | 147(-) | 163-165 (-) | 2011-09-09 | L/P: Goa/Mangalore; 8% Moisture | Fe 59/58% | 141(-) | 158-160 (-) | 2011-09-09 | L/P: Goa/Mangalore; 8% Moisture | Fe 58/57% | 130(-) | 148-150 (-) | 2011-09-09 | L/P: Goa/Mangalore; 8% Moisture | Fe 57/56% | 128(-) | 143-146 (-) | 2011-09-09 | L/P: Goa; 8% Moisture | Fe 55/54% | 114(-) | 130-132 (-) | 2011-09-09 | L/P: Goa; 8% Moisture | Fe 53/52% | 98(-) | 115-116 (-) | 2011-09-09 | L/P: Goa; 8% Moisture | Brazilian Iron Ore | US$ per dry metric tonne | | FOB | CFR China | Date | L/P | SFOT 63.5% | 162(-) | 182-184 (-) | 2011-09-09 | Tubarao/PDM | SFCJ 66% | 176(-) | 195-197 (-) | 2011-09-09 | Tubarao/PDM | SSFT 65% | 171(-) | 190-192 (-) | 2011-09-09 | Tubarao/PDM | Lump 65% | 177(-) | 196-198 (-) | 2011-09-09 | Tubarao/PDM | Pellet 66% | 188(-) | 207-209 (-) | 2011-09-09 | Tubarao/PDM | Australian Iron Ore | US$ per dry metric tone | | FOB | CFR China | Date | L/P | PB Fines61.5% | 170(-) | 178-180 (-) | 2011-09-09 | Dampier | Newman Fines62.5% | 175(-) | 183-185 (-) | 2011-09-09 | Hedland | Yandi Fines58% | 152(-) | 159-161 (-) | 2011-09-09 | Dampier | Mac Fines62% | 169(-) | 176-178 (-) | 2011-09-09 | Hedland | Robe River Fines57% | 146(-) | 152-154 (-) | 2011-09-09 | Dampier | PB Lumps62.5% | 177(-) | 185-187 (-) | 2011-09-09 | Dampier | Mac Lumps62.5% | 176(-) | 184-186 (-) | 2011-09-09 | Hedland | Yandi Lumps58% | 160(-) | 166-168 (-) | 2011-09-09 | Hedland | Newman Lumps63% | 179(-) | 187-188 (-) | 2011-09-09 | Hedland | Iranian Magnetic Ore | US$ per dry metric tonne | | FOB | CFR China | Date | L/P | Fe 62/61% | 142(-) | 166-168 (-) | 2011-09-09 | Abbas | Fe 61/60% | 138(-) | 161-162 (-) | 2011-09-09 | Abbas | Fe 60/59% | 131(-) | 155-157 (-) | 2011-09-09 | Abbas | Iranian Hematite Ore | US$ per dry metric tonne | | FOB | CFR China | Date | L/P | Fe 62/61% | 144(-) | 165-167 (-) | 2011-09-09 | Abbas | Fe 61/60% | 137(-) | 160-162 (-) | 2011-09-09 | Abbas | Fe 60/59% | 131(-) | 154-156 (-) | 2011-09-09 | Abbas |
The Spot Prices of Imported Iron Ore at Chinese Ports on Sept. 9, 2011
China's Sales Prices of Imported Iron Ore in Port Caofeidian on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian fines | 65% | 1390 | +10 | - | Indian fines | 63.5% | 1330 | +10 | - | Indian fines | 63% | 1310 | +10 | - | PB fines | 61.5% | 1280 | +10 | - | PB lump | 62% | 1380 | +10 | Shortage |
China's Sales Prices of Imported Iron Ore in Port Jingtang on June 1, 2011
Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Australian fines | 62% | 1280 | +10 | WMT | Brazilian fines | 64% | 1350 | +10 | WMT | Indian fines | 63% | 1310 | +10 | WMT | Indian fines | 62% | 1250 | +10 | WMT | Indian fines | 61% | 1200 | +10 | WMT | Indian fines | 58% | 1040 | +10 | WMT |
China's Sales Prices of Imported Iron Ore in Port Tianjin on June 1, 2011
Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Australian fines | 62% | 1280 | +10 | WMT | Australian lump | 62% | 1370 | +10 | WMT | Brazilian fines | 65% | 1380 | +10 | WMT | Indian fines | 63.5% | 1330 | +10 | WMT | Indian fines | 63% | 1310 | +10 | WMT | Indian fines | 62% | 1250 | +10 | WMT | Indian fines | 61% | 1200 | +10 | WMT | Indian fines | 59% | 1080 | +10 | WMT |
China's Sales Prices of Imported Iron Ore in Port Qingdao on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian concentrate | 66% | 1410 | +10 | - | Brazilian fines | 63.5% | 1340 | +10 | - | Brazilian fines | 65% | 1380 | +10 | - | Carajas fines | 66-67% | 1450 | +10 | - | Indian Lump | 57% | 1030 | +10 | - | Indian fines | 59% | 1070 | +10 | - | Indian fines | 55% | 930 | +10 | - | Indian fines | 54% | 890 | +10 | - | Indian fines | 57% | 1000 | +10 | - | Indian fines | 63.5% | 1320 | +10 | - | Indian fines | 63% | 1300 | +10 | - | Indian fines | 62% | 1240 | +10 | - | Indian fines | 61% | 1190 | +10 | - | Iranian fines | 62% | 1150 | +10 | - | MAC fines | 62% | 1330 | +10 | - | Mexican fines | 63% | 1280 | +10 | - | Newman fines | 62% | 1320 | +10 | - | Newman lump | 62% | 1380 | +10 | - | PB fines | 61.5% | 1270 | +10 | - | PMI fines | 58% | 1130 | +10 | - | Robe River fines | 56% | 1100 | +10 | - | Rocket fines | 58-59% | 1190 | +10 | - | SSF | 56% | 1090 | +10 | - | Yandi fines | 58-59% | 1160 | +10 | - |
China's Sales Prices of Imported Iron Ore in Port Rizhao on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Australian lump | 62% | 1370 | +10 | - | Brazilian fines | 65% | 1380 | +10 | - | Brazilian pelleting concentrate | 67% | 1410 | +10 | - | Indian fines | 63.5% | 1320 | +10 | - | Indian fines | 62% | 1240 | +10 | - | Indian fines | 61% | 1190 | +10 | - | Indian fines | 58% | 1030 | +10 | - | Iranian hematite fines | 61% | 1140 | - | - | Iranian hematite fines | 59% | 1050 | - | - | Iranian hematite fines | 60% | 1100 | - | - | Iranian magnetite fines | 61% | 1170 | - | - | Iranian magnetite fines | 60% | 1120 | - | - | Iranian magnetite fines | 59% | 1070 | - | - | PB fines | 61.5% | 1270 | +10 | - | Yandi fines | 58% | 1160 | +10 | - |
China's Sales Prices of Imported Iron Ore in Port Lianyungang on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Indian fines | 62% | 1240 | +10 | - | Indian fines | 61% | 1190 | +10 | - | Indian fines | 58% | 1030 | +10 | - | Indian fines | 63% | 1300 | +10 | - |
China's Sales Prices of Imported Iron Ore in Port Nantong on June 1, 2011
Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian fines | 64.5% | 1370 | +10 | Shortage | Carajas fines | 66-67% | 1450 | +10 | - | Indian fines | 63.5% | 1320 | +10 | Shortage | Indian fines | 63% | 1300 | +10 | - | Indian fines | 61% | 1190 | +10 | - | Indian fines | 59% | 1070 | +10 | - | Indian fines | 56% | 950 | +10 | - | Indian fines | 58% | 1040 | +10 | - | Indian fines | 60% | 1140 | +10 | - | Indian fines | 62% | 1240 | +10 | - | PB fines | 61.5% | 1270 | +10 | Shortage |
China's Sales Prices of Imported Iron Ore in Port Beilun on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian fines | 65% | 1380 | +10 | - | Brazilian pelleting concentrate | 67% | 1420 | +10 | - | Indian fines | 63.5% | 1320 | +10 | - | Newman fines | 62% | 1310 | +10 | - | PB fines | 61.5% | 1270 | +10 | - | PB lump | 62% | 1370 | +10 | - |
China's Sales Prices of Imported Iron Ore in Port Zhanjiang on June 1, 2011Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian fines | 65% | 1390 | +10 | - | Malaysian fines | 61% | 1020 | +10 | - | Newman fines | 62% | 1320 | +10 | - | PB fines | 61.5% | 1270 | +10 | - | S. African fines | 66% | 1370 | +10 | Shortage |
China's Sales Prices of Imported Iron Ore in Port Fangcheng on June 1, 2011
Iron Ore | Grade | RMB/WMT(17% VAT included) | Change | Remark | Brazilian fines | 65% | 1380 | +10 | - | Brazilian fines | 64% | 1350 | +10 | - | Brazilian pelleting concentrate | 67% | 1420 | +10 | - |
| China’s Iron Ore Market Sees Downturn 6/1/11 | During the past week, the iron ore market in China has seen a rebound. Current iron ore prices in China are as follows: Imported iron ore prices Product name | Port | Iron content | Place of origin | Price ($/mt) | Newman fines | Qingdao | 62/63 | Australia | 175.6 | Carajas fines | 66/67 | Brazil | 181.3 | Yandi fines | 58 / 59 | Australia | 178.5 | MAC fines | 62 | Australia | 176.9 | PB fines | 62/63 | Australia | 176.8 | Indian fine ore | 63.5 | India | 176.9 | Indian fine ore | 63 | India | 176.9 | Indian fine ore | 62 | India | 165.7 | Indian fine ore | 61 | India | 163.1 | Indian fine ore | 59 | India | 137.3 |
Domestic iron concentrate price Product name | Specification | Price ($/mt) | Place of origin | Iron concentrate | damp base (iron content: 66 percent) | 148.8 | Tangshan | Iron concentrate | damp base (iron content: 66 percent) | 148.8 | Beipiao |
During the past week, the import iron ore market in China has trended downward. In China, finished steel and billet prices have seen some increases, and iron ore traders have become more optimistic about the future. Inquiries for iron ore have increased but actual purchase activity still remains slow. The best transaction performance was seen in Hebei. As regards the prospects for a continued uptrend in import iron ore prices in April, the following factors may be considered: 1. Steel inventories are increasing and traders are short of money, and so they are selling from their inventories. Construction activity will increase in April, and so finished steel demand will also increase somewhat. However, it is not clear whether this will provide sufficient support for higher iron ore prices. 2. The central bank is implementing a tighter monetary policy, with the result that steel mills are short of money and are likely to restrict their raw material purchases. In an unstable finished steel market, the steel mills will try to limit the upward movement of iron ore prices. 3. The prospects for the downstream finished steel sector are not optimistic, especially as regards the real estate market. The Chinese government has tightened the credit supply to the real estate market and many real estate developers have stopped building new houses. It is expected in the short term that steel mills will purchase more iron ore and that the import iron ore price will move upward. However, finished product inventories at the steel mills are still high, and so it is necessary to be cautious regarding the future. |
Iron Ore 1-12-11 Trade At Closing: - Spot iron ore trade had a very dull day today. Buying is limited and most of the inquiries are coming with no actual interest.
- Buyers are hesitant as they have either stockpiled in advance or have cut down production due to the uncertain steel demand.
- The two cargoes concluded today include Yandi 58% Fe fines at $128.81 per ton CFR China and Pb Fines at $140.5 per ton CFR.
- The Indian sellers are not receiving the kind of offer prices they are placing which is leading to very few sales.
Steel product prices in China have also trimmed down slightly. Rebar and wire rod have seen 10 yuan per ton fall in few markets in the south where as billets have stayed stable. · Average daily production of crude steel in China fell to 1.626 million tonnes in the last ten days of December, down from 1.666 million tonnes in the middle period of the month, indicating a fall of -2.4%. Coal:: South African export in the calendar year 2011 depicted a little change (y-o-y) as the country exported 64.6 million tons as compared to last year’s figure of 63.4 million tons. However, on Friday the spot prices picked up some pace as the Indian inquiries have gathered pace since the New Year. The FOB Richards Bay prices gained some cents as depicted in the offer levels. A March loading FOB Richards Bay cargo of South African thermal coal was reportedly offered just above $107 per ton mark. Steel:: Steel Paper Market: - Steel paper market has been weak as usual but the closing saw a good trade picking up. The most traded May’12 contract finished the day at 4185 yuan, up by 4 yuan at closing where as settlement was down by 4 yuan. The traded volume staying at 573424 lots.
- SSEC stayed low except for the Jan contract with a loss of nearly 15 yuan in most of the other contracts. Trade however trimmed at the exchange.
- At NCDEX, the steel long contracts have gained a good price share of over Rs 200 per ton indicating the confidence building up in the steel sector. But being the first day of the week, the sentiment has to be closely monitored in the following 4 days.
Ferrous Scrap:: Domestic scrap prices gained some pace as the trade for the day began. Both, MS Scrap and Old Scrap prices at Mandi Gobindgarh saw a hike of about Rs. 200 per ton during the first session of trade. Meanwhile, the ship breaking scrap prices at Alang, the shredded scrap prices at Kandla, the old scrap prices at Raipur remained stable during the initial session of trade. However, the melting scrap prices at Mumbai were reportedly trading around Rs. 26,000 per ton on Monday. DRI/Pig Iron :: The sponge iron prices in India depicted some upward movement as the trade for the day commenced. The spot prices of sponge iron depicted the following trend; Bellary (No Change), Durgapur (No Change), Hyderabad (No Change), Kandla (+100), Mandi Gobindgarh (No Change), Raigarh (+100), Raipur (+500) and Rourkela (No Change) during the initial session of trade.
Meanwhile, the Indian Pig Iron prices mostly remained steady as the trading for the day began. The spot prices remained steady all the other trading hubs including Bhilai, Durgapur, Jamshedpur, Keonjhar and Raipur. The pig iron prices ranged from Rs. 31,400 per ton at Mandi Gobindgarh to Rs. 25,000 at Bhilai during the initial session of trade.
Foreign Quotes for Imported Iron Ore in China 1-9-12 Country | Product | % Grade | CFR ($/T) | FOB ($/T) | Port of Loading | Remark | Australia | PB fines | 61.5 | 136-139  3 | 123-126 4 | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | Newman fines | 62 | - | - | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | YANDI fines | 58 | 123-125  | 110-112 1 | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | MAC fines | 62 | - | - | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | Newman lumps | 63 | 146-148 1 | 133-135 2 | Dampier/Hedland | Moisture: 3%;To be unloaded at Chinese major ports | Australia | YANDI lumps | 58 | 123-125 2 | 110-112 3 | Dampier/Hedland | Moisture: 3%;To be unloaded at Chinese major ports | Australia | MAC lumps | 62 | 142-144 1 | 129-131 2 | Dampier/Hedland | Moisture: 3%;To be unloaded at Chinese major ports | Australia | PB lumps | 62 | 144-146 1 | 131-133 2 | Dampier/Hedland | Moisture: 3%;To be unloaded at Chinese major ports | Australia | Newman fines | 63 | 141-143 | 128-130 1 | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | MAC fines | 61.5 | 135-137 2 | 122-124 3 | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Australia | Robe River fines | 56 | 119-121 | 106-108 1 | Dampier/Hedland | Moisture: 8%;To be unloaded at Chinese major ports | Brazil | SFCJ | 66 | 155-157 2 | 125-127 4 | Tubarao/PDM | Moisture: 8%;To be unloaded at Chinese major ports | Brazil | SFOT | 63 | 139-141 2 | 109-111 4 | Tubarao/PDM | Moisture: 8%;To be unloaded at Chinese major ports | Brazil | Lumps | 65 | 156-158 2 | 126-128 4 | Tubarao/PDM | Moisture: 3%;To be unloaded at Chinese major ports | Brazil | Pellets | 66 | 178-180 1 | 148-150 3 | Tubarao/PDM | Moisture: 3%;To be unloaded at Chinese major ports | Brazil | SSFT | 65 | 148-150 1 | 118-120 3 | Tubarao/PDM | Moisture: 8%;To be unloaded at Chinese major ports | India | Iron Ore Fines | 63.5/63 | 144-147 5 | 129-132 5 | Chennai/Paradip | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 61/60 | 129-131 4 | 114-116 4 | Chennai/Paradip | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 63/62 | 139-141 4 | 124-126 4 | Chennai/Paradip | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 62/61 | 134-136 3 | 119-121 3 | Chennai/Paradip | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 60/59 | 124-126 3 | 109-111 3 | Chennai/Paradip | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 59/58 | 119-121 2 | 102-104 2 | Goa/Mangalore | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 58/57 | 114-116 2 | 97-99 2 | Goa/Mangalore | Moisture: 8%; To be loaded at one Indian port; To be unloaded at Chinese Northern ports | India | Iron Ore Fines | 55/54 | 100-102 2 | 83-85 2 | Goa | Moisture: 8%; To be loaded at one Indian port | India | Iron Ore Fines | 53/52 | 91-93 | 74-76 | Goa | Moisture: 8%; To be loaded at one Indian port | Iran | Hematites | 62/61 | 129-131 2 | 104-106 2 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Hematites | 61/60 | 124-126 1 | 99-101 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Hematites | 60/59 | 118-120 1 | 93-95 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Hematites | 59/58 | 109-111 2 | 85-88 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Magnetite | 62/61 | 131-133 2 | 106-108 2 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Magnetite | 61/60 | 126-128 1 | 101-103 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Magnetite | 60/59 | 120-122 1 | 95-97 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Iran | Magnetite | 59/58 | 111-113 2 | 87-90 1 | BANDA ABBAS | 6%Si,2%Al,0.2%P,0.2%S; By bulk | Russia | Iron Ore Concentrates | 67 | 173-175 1 | - | Black Sea | Moisture: 8%; China Major Ports | Russia | Iron Ore Concentrates | 65 | 167-169 1 | - | Black Sea | Moisture: 8%; China Major Ports | Russia | Iron Ore Concentrates | 63.5 | 164-166 1 | - | Murmansk | Moisture: 8%; China Major Ports | Russia | Iron Ore Pellets | 63 | 167-169 1 | - | Black Sea | Moisture: 8%; China Major Ports | Russia | Iron Ore Pellets | 65 | 178-180 2 | - | Black Sea | Moisture: 8%; China Major Ports |
Ore and Freight PricesSpot Iron Ore extends gain as Chinese buyers return 12-12-11Spot Iron ore in China extends gain after more than a week of losses as falling prices encouraged some steel mills in China to return to the market. However, sluggish steel demand in China may limit the recovery seen at present. Offer for imported iron ore in China rose for a second day on Friday as traders and miners raised their rates with inquiries picking up. Indian fines Fe 63.5/63 reached $144-$146/MT. Whereas, Australian Pilbara iron ore fines were quoted at $134-$136/MT C&F i.e. up by $2 from Thursday while Newman fines also rose by $2 to reach $138-$140/MT. Iron ore forward swaps also witnessed a steep rise in prices on Thursday reflecting market expectations for a further increase in spot rates, with all contracts rising by as much as $8/MT. "Some steel mills have started buying ore marginally which could support iron ore prices for a while, but it will be a weak rebound because fundamentally, steel demand remains weak," said Henry Liu, head of commodity research at Mirae Asset Securities in Hong Kong It still remains to be seen whether China's move to cut bank reserve requirements would boost liquidity enough to benefit steel mills faced with tight loan access and poor steel demand, he added.
2-9-12 Iron Ore Prices in India & China India Domestic Prices | %Fe | Type | Price (Rs/t) | 60 | 5-18 mm | 4500-4700 | 62 | 5-18 mm | 5200-5550 | 63 | 5-18 mm | 6800-7200 | 64 | 5-18 mm | 6700-7000 | 60 | 10-30 mm | 4100-4500 | 62 | 10-30 mm | 5500-5900 | 63 | 10-30 mm | 5900-6300 | 64 | 10-30 mm | 6300-6600 | 61 | Fines | 2000-2200 | 62 | Fines | 2200-2400 | 63 | Fines | 2500-2800 | 64 | Pellets | 8900-9300 | 63 | Blue Dust | 2350-2550 |
| | 2-22-12 · Ore Price Index for Indian Iron ore (OTPX) o 63.5/63% Fe fines - $135 per ton FOB Vizag o 58% Fe fines - $111 per ton FOB Goa o 54% Fe fines- $91 per ton FOB Goa o 52% Fe fines- $82 per ton FOB Goa o 50% Fe fines- $72 per ton FOB Goa · Ore Freight Index for Superhandy & Panamax Freight on India- China Route(OTFX) o Superhandy § ECI – China : $12 per wmt § WCI - China : $14 per wmt § Dual Port ECI – China: $12-13 per wmt o Panamax § ECI – China : $11 per wmt § WCI - China : $13 per wmt § Dual Port ECI – China: $11-12 per wmt | |