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Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin remained near $220 per tonne at the beginning of July, close to a record high of $232 reached on May 12th on declining stockpiles and concerns over supply. The stockpiles of imported iron ore at Chinese ports declined for four consecutive weeks to 123.95 Mt as of Jun 25, 2021, the lowest level in eight months.

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Iron Ore Price Outlook Iron ore prices continued to lose ground over the past month amid increased supply in the global market. On 6 November, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 118.5 per metric ton (mt), which was 1.7% lower than on the same day in September

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Growth in China (the world’s largest consumer of metals) has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for China’s economic health. Download the 40yr price history. Performance USD/t Amount Change; 1 Week-0.17 -0.08% 1 Month +3.89 +1.82% 3 Month +44.93 +25.97% 6 Month

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