According to the data from China Iron and Steel Association (CISA), China Iron Ore Price Index (CIOPI) was 428.30 points on October 16, which was down by 0.51% or 2.20 points compared with the previous CIOPI on October 15.

The domestic iron ore price index was 374.51 points, sliding by 0.14% or 0.53 points compared to the previous price index; the import iron ore price index was 438.47 points, decreasing by 0.57% or 2.52 points from the previous one.