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· Iron ore has been the standout commodity in recent months, supply shortages and lower iron ore stocks at Chinese ports. China produced a record million mt of crude steel in May, up % on the year, National Bureau of Statistics data shows.
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Singapore — China imported a total of million mt of iron ore in June, the second highest monthly imports on record, latest China Customs data showed, underpinned by robust demand from the Chinese steel mills and a recovery in supply from major iron ore producing countries such as Brazil.
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The graph shows iron ore mining in China from July 2019 to July 2020. In July 2020, about 73 million metric tons of crude iron ore had been extracted in China.
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· A total of 76 vessels carrying million mt of iron ore arrived at major Chinese ports during September 1319, SMM estimates. This was down million mt
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China''s domestic iron ore prices followed suit, touching a fiveyear high of Yuan 960/mt (136/mt) in early August. Mining sources said production costs for most Chinese iron ore producers were around 90/mt on a 62% Fe basis. The most efficient miners can produce at 60/mt, but many typically only lift rates when prices rise above 100/mt CFR.
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· Prices for imported iron ore in China''s portside and seaborne cargo markets softened on September 21, with Mysteel''s PORTDEX 62% Fe Australian Fines index decreasing by
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Raw Chinese iron ore only has iron content of about 20 percent, compared to more than 60 percent mined by Vale, Rio and BHP. But processed Chinese ore can go up to 66 percent.
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· A total of 89 vessels carrying million mt of iron ore arrived at major Chinese ports during August 1622, SMM estimates. This was down 280,000 mt from the prior week, but up million mt from the same period last year.
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· Looking at a chart of Chinese iron ore imports, it''s clear where a significant portion of China''s money is going. Chinese has an insatiable appetite for iron ore
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· A total of 89 vessels carrying million mt of iron ore arrived at major Chinese ports during September 612, SMM estimates. This was up 540,000 mt from the previous week, and 710,000 mt from the same period last year. The amount of arrivals at major Shandong ports surged week on week, while that in Tangshan and Tianjin fell.
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· Iron ore prices have soared to multiyear highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic.
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This statistic shows the import volume of iron ore to China from 2008 to 2018. In 2018, the import volume of iron ore into China amounted to more than one billion metric tons, an notable increase
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China imported a total of million mt of iron ore in June, the second highest monthly imports on record, latest China Customs data showed, underpinned by robust demand from the Chinese steel
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· A total of 89 vessels carrying million mt of iron ore arrived at major Chinese ports during September 612, SMM estimates. This was up 540,000 mt from the previous week, and 710,000 mt from the same period last year. The amount of arrivals at major Shandong ports surged week on week, while that in Tangshan and Tianjin fell.
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I was, perhaps wrongly, under the impression that China already had some significant iron ore capability in Africa, with attached mainly Chinese workforce, railways and ports. All built by China
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In short, iron ore supply is far tighter than expected and operational issues at mines and ports in Australia and Brazil can have a significant impact on iron ore prices. Source: Platts
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A total of 86 vessels carrying million mt of iron ore arrived at major Chinese ports during August 2329, SMM estimates. This was down 950,000 mt from the previous week, but up million mt from the same period last year. The amount of arrivals in Tangshan and Tianjin declined on the week.
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Prices of iron ore showed an average increase over the last 13 years, before decreasing considerably in 2015. The price of iron ore reached a record high during this decade in 2011, when the
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How much iron ore is left in the world? This statistic shows the world iron ore reserves as of 2018, by major countries. The reserves of crude iron ore in the United States were estimated to be
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· Chinese Portside Iron Ore Prices Drop, Seaborne Up. in Commodity News 28/08/2020. Mysteel''s PORTDEX 62% Australian Iron Ore Fines price dropped Yuan 5/wmt (/wmt)
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Like Wooddesigner''s CabinetFile software, you can try SmartDraw for free to see how comfortable you are using it. Say yes and you''ll be billed USD monthly if you''re a single user.
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Chinese iron ore futures fell on Monday, giving up the previous session''s gains, as lower utilisation rates at mills and fresh data cast doubt on demand for the steelmaking raw material. The most
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