Iranian concentrate price increased 1$ on daily basis and 7.3% on weekly basis. Low grade products grow 13.7% comparing current week to previous week and Iranian hematite fines price declines 1.7% at the same period. It is worth noting that Iran government is going to add 25% export duties on iron ore to cool down…
iron ore concentrate
Necessity of Improvement in Iran Mining Section
Iran mineral section allocates 21% of the non-oil exports of this country which worth about 9.2 billion dollars. Steel and its products as well as iron ore concentrate and pellets, copper and its products and cement are the most important export minerals of Iran. Last year a growth was seen in steel, coke, copper and…
Weekly Growth of Minerals
Palladium: +2.47% Molybdenum: +1.69% Coke: +1.59% Concentrate: -3.28% Manganese Ore: -7.63%
Fall of Iran’s iron ore prices
Index for #iron_ore 54% decreased 32.9% in comparison with last week and is priced only 14.6$ per MT, not economically logical for #export! Also Index for #concentrate 66% dropped 11.2% in comparison with last week and 5.5 $ in comparison with Wednesday 21 august. It is priced 56.69$ on Thursday.
As the iron ore prices in global markets continue to fall, the price difference between Iranian internal and export concentrates reduced to only 7.3%!
#Iron_ore_market is still trending down in #China and today the #iron_ore_index in #Dalian_Commodity_Exchange (#DCE) dropped 4.6%. Iranian export iron ore is also softening and decreased 0.5$ today and 5% for the lower grades during the last week. Index for export #concentrate 66%, FOB Bandar Abbas is now 62.4$ which is only 7.3% more expensive than…
Latest Iron Ore News on August 17th 2019
The weekly change of mineral’s price: Product Difference/MT Rhodium +6% Indian Galvanized Sheets +3.9% Indian Sponge Iron (DRI) +3.6% London Copper -0.6% PB -1.7% Concentrate -7.2% Pellet -8.2% Costs to produce one MT of steel in China: The growth of iron ore price to over 125$ per MT has made the costs of…