China’s iron ore output up 11.5% in Jan-Oct
According to China’s National Bureau of Statistics (NBS), in the January-October period of the current year, China’s iron ore production amounted to 823.111 million mt, increasing by 11.5% year on year, 1.9% slower than the rise recorded in the first nine months this year.
In October alone, iron ore production reached 80.127 million mt, down 2.8% year on year, shifting from a year-on-year rise of 9.6% recorded in September.
In October, import iron ore prices moved up first while declining later, with the highest level of $136/mt CFR seen on October 11 and the lowest price level of $107/mt CFR seen on October 31.
Iron ore imports in China decreased by 4.2% year on year to 933.484 million mt in the January-October period of the year, while in October alone China imported 91.606 million mt of iron ore, down 14.2% year on year.