October China CIOPI Decreased on a Month-on-Month Basis

 In October, steel production continued to fall. The demand for iron ore declined, port stocks continued to climb, and iron ore prices fluctuated. As the weather turns colder in the later period, demand will further decrease, and the iron ore market will be more demanding, and iron ore prices will still have downward space.
October China CIOPI Decreased on a Month-on-Month Basis
According to the Iron and Steel Association, at the end of October, the China Iron Ore Price Index (CIOPI) was 314.23 points, a decrease of 23.44 points, or 6.94%, from the previous month. Among them: the domestic iron ore price index was 330.56 points, a decrease of 3.30 points, or a decrease of 0.99%; the imported iron ore price index was 311.14 points, a decrease of 27.25 points, or a decrease of 8.05%. (see the chart and table below)
China Iron Ore Price Index (CIOPI) Chart
 
China Iron Ore Price Index (CIOPI) Change Table
 

Items	End of October	End of September	Ring ratio	Lifting value%
China CIOPI	314.23	337.67	-23.44	-6.94
1. Domestic iron ore price index	330.56	333.86	-3.3	-0.99
2. Imported iron ore price index	311.14	338.39	-27.25	-8.05

From the overall situation, the average CIOPI composite index in October was 325.51 points, down 9.84 points from the previous month, a decrease of 2.93%. Among them: the domestic iron ore price index averaged 332.26 points, up 1.81 points from the previous month, an increase of 0.55%; the average price of imported iron ore price index was 324.23 points, down 12.04 points, or 3.58%. (source from chinaisa.org.cn)