current market price of iron ore concentrate

The current market price of iron ore concentrate in Iran has been rising under the influence of the global platts iron ore concentrate over the past three months. The reduction in iron ore, iron pellet and concentrate exports from the Minas Gerais region of Brazil, the largest iron ore exporting country in 2018, is the most important factor driving global prices.

Minas Gerais region of Brazil is the largest iron ore exporting country in 2018. This global rise in iron ore prices has been affecting the iranian iron ore price and its rise.

Platts iron ore concentrate

 

In the latest figures for 2018, 55 percent of Brazil’s iron ore production has been in the Minas Gerais region, which has now faced a decline in production and thus reduced exports due to the destruction or risk of a number of mine barriers. This is the most important reason for the current market price of iron ore concentrate to jump over the last three months in global markets.

Iran is also one of the major exporters of iron ore and concentrates. The sale of iron ore concentrate to various countries is carried out. China is the most important buyer of Iranian Iron and Iron Concentrate, which imports Iran in quantities of several million tons annually. Obviously, the boom in Iran’s iron ore exports has affected its prices from the global market.

Iron ore prices 66%

The global increase in the current market price of iron ore concentrate is significant during the first three months of 2019, with the latest global iron ore concentrate in the Metal Bulletin for March 29, 2019, with Qingdao’s China cfr delivery of $ 96.73. Of course, during the last day until today, April 3, 2019, we have had a significant leap in prices due to the drop in exports from Rio Tinto and bhp due to the Veronica storm.
Iran iron ore concentrate price today, April 3, 2019, the delivery of FOB is $ 73.5 for iron concentrate with a purity of 66%. The Chinese cfr delivery price is $ 102.5.

Iron ore prices chart

We present the FOB current market price of iron ore concentrate in the exporting countries’ fobs below.

• Iran iron ore concentrate price today for April 3, 2019, the delivery of Iran’s fob with a fluctuation of + 0.5% as compared to yesterday was announced at $ 73.5.
• The price of iron ore concentrate in Russia is $ 85.2 per ton – the rate fluctuates to $ 1.5 a day
• The prices of ukrainian iron concentrate: 79.5
• Concentrate iron ore prices USA: 76.0
• Concentrate iron ore prices Canada: $ 88.2

Magnetite ore price

The magnetite iron ore price per ton is also the delivery of fob for today’s 61 percent purity in iran iron ore market price today at $ 54.2.

Iron ore futures

The forecast for iron ore prices for the coming days is an increase. The reason for this is the decline in exports by the two companies, in addition to Vale, Brazil. The price of iron ore in the free market will also indicate the price of iron ore on the stock exchange to the rial in the coming days with the start of market re-launch.