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China’s domestic iron ore prices increase in late June

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Publish time: 11th July, 2012      Source: ChinaCCM
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It is reported that prices of Chinese domestic production iron ore started to increase in late June (during June 21st through June 30th) to an average of RMB 948.52/ton, up by RMB 18.39/ton compared to the previous month.

Meanwhile, import iron ore prices decreased from already high level to RMB 993.84/ton CIF in average, sliding by RMB 93.59/ton compared to the same period of time.

It is the first rise after nine consecutive weeks of downward price movement for domestic production iron ore prices