China's iron ore price index

In August 29th, China's iron ore price index reached 240.15 points, down 0.39 points, decreasing amplitude is 0.16%. Among them: the domestic iron ore price index was 234.42 points, the ring-to-ring decline of 0.04 points, a decrease of 0.02%; the imported iron ore price index was 241.02 points, a drop of 0.44 points, a decrease of 0.18%.

Price of imported iron ore

On August 29, the CIF price for direct imports of iron ore was $65.10 per ton, down by $0.12, or 0.18 per ton, compared with an average monthly price of $66.86 per ton.

On August 29, the duty-bearing price of RMB for spot iron ore imports was 515.62 yuan per ton, down 1.09 yuan per ton, or 0.21 percent, and the average monthly price was 523.74 yuan per ton.

Because the price of Iron ore increase, the price of steel products increase more or less, such as Steel Pipe, steel rebar, Steel Plate & sheet, H Beam, I Beam and Angle Steel.