China's iron ore price index rose sharply

According to the Iron and Steel Association, at the end of January, the China Iron Ore Price Index (CIOPI) was 294.76 points, up 41.37 points month on month, an increase of 16.33%. Among them: the domestic iron ore price index was 243.47 points, up 4.53 points, or 1.90%; the imported iron ore price index was 302.52 points, up 46.95 points, or 18.37%.

From the average monthly average, the China Iron Ore Price Index (CIOPI) is generally higher than last month. In January, the average CIOPI composite index was 268.17 points, an increase of 19.44 points from the previous month, an increase of 7.82%. Among them: the average price index of domestic iron ore is 241.54 points, up 2.66 points or 1.11% over the previous month; the average price index of imported iron ore is 272.19 points, up 21.97 points month on month, or 8.78%.

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