Domestic iron ore price drop slowed down in April with the accumulative decrement reaching CNY 10 per tonne to CNY 50 per tonne.
Most of small and medium mine shut down except large mines and captive ores owned by steel mills. Iron ore export quotation was flat with that of last month. 63.5 percent of Indian fines was quoted at US$ 64-66 per ton (CIF), and 62/63 percent of Australian fines was priced at US$ 60-62 per ton. People paid more attention to FY 2009 international iron ore long-term contract price talk. Due to narrowing price gap between domestic and imported ores, as well as output cut, it is predicted that iron ore price in May will continue fluctuating in May.
I Iron ore price at home went down by small margin
II market analysis on iron ore market in April
ll. 1 Newly additions of iron ore supply in May at home market will retain at high level
II.2 Iron ore import price rallied
II.3 Ocean freight rallied with upward trend
II.4 Iron ore inventory at port soared sharply
ll. 5 Domestic steel price vibrated slightly in April
ll. 6 No result Achieved for FY 2009 international iron ore contract price talks
Table 1: China iron ore price in Jun.2008-Apr.2009
Table 2: Steel Price Changes at Domestic Market (taking Shanghai market as an example)
Graph 1: China iron ore price in 2008-Apr. 2009
Graph 2: China iron ore output and import contrast in 2008-Mar. 2009
Graph 3: Price contrast between domestic and imported ore in 2008-Apr. 2009
Graph 4: International ocean freight in 2008-Apr. 2009
Graph 5: China iron ore imports & inventory at ports in 2008-Apr. 2009
Price:
USD 500
How to order:
Ordering the report is simple. You can order your copy to reports@steelguru.com, which will send you an invoice of the report.
