ASG News: in November, driven by tight expectations of long materials, the domestic market steel prices showed a significant upward trend, steel production has also increased, iron ore demand intensity rose, prices from the decline to rise. As the market fundamentals are still in excess of demand, the late iron ore prices are difficult to continue to rise, will show a small fluctuation trend.

I. the price index of iron ore in China has changed from decline to rise.

At the end of November, China's iron ore price index (CIOPI) rose 5.11 points, or 1.63%, from a month earlier to 319.34 points, according to the Iron and Steel Association. Among them, the domestic iron ore price index was 320.56 points, down 10.00 points, or 3.03%, while the imported iron ore price index was 319.10 points, up 7.96 points, or 2.56%, from the previous month.

For the month as a whole, the CIOPI composite index averaged 311.49 points in November, down 14.02 points, or 4.31 per cent, from the previous month. Among them, the average domestic iron ore price index was 323.15 points, down 9.11 points, or 2.74%, from the previous month, while the average imported iron ore price index was 309.29 points, down 14.94 points, or 4.61%, from the previous month.