Overall iron ore prices in China indicated upward movement during the month of March, as stated in a new report issued by the China Iron and Steel Association (CISA).
At the end of March this year, the China Iron Ore Price Index (CIOPI) stood at 196.84 points, up 17.73 points or 9.90 percent month on month. In particular, the domestic production iron ore price index stood at 188.70 points, up 15.03 points or 8.65 percent month on month, while the import iron ore price index stood at 198.37 points, rising by 17.73 points or 9.82 percent month on month.
For the whole month of March, the average China Iron Ore Price Index (CIOPI) was at 199.73 points, up 29.44 points or 17.29 percent month on month. In particular, the average domestic production iron ore price index was at 184.00 points, up 12.81 points or 7.48 percent, while the average import iron ore price index stood at 203.97 points, increasing by 33.94 points or 19.96 percent, both month on month.