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

Current price of iron ore is being offering at US$69.45/ton, climbing by US$0.09/ton or 0.13% from the previous price. The average price of iron ore was US$69.54/ton in the month.

Meanwhile, the China Iron Ore Price Index (CIOPI) increased by 0.23 points or 0.09% week on week to 255.87 points as of December 1st, according to the latest statistics by the China Iron and Steel Association (CISA).