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MMi Daily Iron Ore Index Report April 10 2019

Iron ore physical port stock quotes look vulnerable today, with some concluded transaction down on yesterday. Despite this, traders rose their quotes in-line with the afternoon futures market, though there were few concluded trades. According to SMM, some mills in East China continued to reduce their inventory levels due to the current high prices. Some mills and traders still prefer to buy from port stocks given the strength in the seaborne cargoes.

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Source: Metals Market Index (MMi)

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