The spot price of iron ore fines 62% to China has rebounded slightly.

Current price is being offering at US$93.72/ton, increasing by US$0.42/ton or 0.45% from the previous price.

The average price of iron ore was US$93.51/ton in the month.

Meanwhile, the China Iron Ore Price Index (CIOPI) climbed by 1.16 points or 0.36% week on week to 327.04 points as of August 4th, according to the latest statistics by the China Iron and Steel Association (CISA).