Today, DCE Iron Ore Futures Market is opened with a strong increase trend but is pulled back in the afternoon, after the Doldrums session the day before yesterday. The most traded i2509 contract finally closed in 703, down 0.71% for that day. Traders sell goods in accordance with market conditions, while steel factories remain careful and adopt waiting-and-seeing aƫtude, focus on purchases as needed. The average market trading atmosphere. In the Shandong area, the main transaction price of the PB fine is in the range of 723-728 Yuan/MT, down a slightly 5 yuan/MT from Friday prices. In the Tangshan area, the price of PB fines transactions is around 740-745 Yuan/MT, also dropped a little by 5 Yuan/MT from Friday prices. The SMM shipping data shows that last week, the total delivery of SMM global iron ore reached 36.06 million MT, an increase of 1.09 million MT WOW. Among them, shipping from Australia and the main non-natural countries increased, while Brazil’s delivery dropped slightly.
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Source: Metal Market Index (MMI)
