China: Imported iron ore margin turns positive at 2.36 yuan/mt

🇨🇳 Hellenic Shipping News (CN) —

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The average margin on imported iron ore in China turned positive, reaching 2.36 yuan per metric ton from a previous negative 3.09 yuan. The change was attributed mainly to slightly lower freight costs and higher spot prices at ports, while output from 16 major mining entities rose year over year.

The average imported iron ore margin turned positive in the latest period, rising from -3.09 yuan/mt to 2.36 yuan/mt, driven mainly by slightly lower freight and higher port spot prices. On the supply side, SMM data showed combined output from 16 major mining entities rose by about 22.98 million mt year-on-year in the first three ...

Markets Commodities Shipping China iron ore import margins freight rates port prices mining output

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