On May 28, the China Iron Ore Price Index (CIOPI) was 233.46 points, a decrease of 1.15 points from the previous quarter, a decrease of 0.49%. Among them, the domestic iron ore price index was 229.48 points, up 0.28 points month-on-month, with an increase of 0.12%; the imported iron ore price index was 234.06 points, a decrease of 1.37 points, a decrease of 0.58%.

On May 28, the 62% grade dry ore fines for direct import of iron ore were landed at US$63.22/tonne (ie, US$1.0197/tonne), a decrease of US$0.37/ton from the previous quarter, a decrease of 0.58%. The average price for the month was $65.77/ton.

On May 28, the RMB-inclusive price of 62% grade dry ore fines of iron ore imported from the spot trade was 491.77 yuan/ton, a decrease of 3.90 yuan/ton from the previous quarter, a decrease of 0.79%, and the average price of the month was 509.95 yuan/ton.

On May 28, the CIF price of direct imported iron ore 58% grade dry-base ore fines was US$50.85/tonne (ie, US$0.8767/tonne), which was US$0.35/ton lower than the previous month, a decrease of 0.68%; the average price for the month was 53.22 US dollars / ton.

On May 28, the RMB-inclusive price of 58% grade iron ore with iron ore imported from the spot trade was RMB 399.72 per ton, a decrease of RMB 4.58 per ton, a decrease of 1.13%, and the average price per month was RMB 417.69 per ton.

On May 28, the tax-inclusive price of 62% grade dry iron ore concentrate with domestic iron ore was 590.48 yuan per ton, an increase of 0.70 yuan per ton or 0.12%; it was 98.71 tons higher than that of imported iron ore, an increase of 20.07. %; the monthly average price was 585.96 yuan/ton, which was 76.01 yuan/ton higher than imported iron ore, an increase of 14.91%.

On May 28th, the tax-inclusive price of domestic iron ore with 65% grade dry-base iron ore concentrate was 656.58 yuan per ton, an increase of 0.82 yuan per ton, or an increase of 0.13%; the monthly average price was 651.22 yuan per ton.