The hematite iron ore price per ton today is based on the gradation and purity of it. The purity of hematite iron ore is in the range of 54 to 62 percent, and the price of iron ore for each purity is determined individually.

The magnetite iron ore price per ton in Iran, Australia and Brazil has dropped 0.3, 0.4 and 0.3, respectively. Currently, prices are $ 29.8 for Iran iron ore price, $ 65.6 for Australian iron ore price, $ 55.2 for Brazilian iron ore price.

The iron ore price in china today, based on the inventory amount of iron ore in the ports, and, of course, the volume of demand from iron ore buyers is fluctuating. Accordingly, the iron ore exporting country sets the iron ore cfr china price.

The lump iron ore price based on its mineral type, namely hematite or magnetite, is also determined by the percentage of iron found in iron ore. Of course, the cost of customs and transportation in the case of iron ore exports should also be estimated.