Shandong port iron ore import price increase

In the first four months of 2019, the import of iron ore andconcentrates at Shandong Port was 64.391 million tons, an increase of 0.3% overthe same period of last year; the value was 35.03 billion yuan, an increase of20.1%; the average price was 544 yuan per ton, up 19.8%.

Among them, in April, Shandong Port imported 13.001 milliontons of iron ore, a decrease of 7.8%; value of 8.51 billion yuan, an increaseof 37.9%; average price of 616.3 yuan per ton, up 49.5%.

It is understood that in January this year, the monthlyimport volume of iron ore in Shandong Port continued its growth at the end oflast year, rising to 19.282 million tons, a new high since January 2016, andthen continued to fall, decreasing by 7.3% in April, to 2017. The new low sinceAugust; the monthly average import price continued to rise, the average importprice in April climbed to a new high since June 2014, up 9.8% from the previousmonth.