MMi Daily Iron Ore Index Report April 10 2024

DCE iron ore futures continued to fluctuate in a day,the main contract closed 813.5, an increase of 1.43% throughout the day. Trading companies generally ship on demand, with fewer inquiries from steel mills and overall market transactions leaning towards being quiet. In Shandong, the transaction price for PB powder is in the range of 825-830 yuan/ton, while mainstream coke powder is at 930-935 yuan/ton, with transaction prices remaining relatively stable compared to yesterday. According to SMM research, on April 10th, the blast furnace operating rate was 90.35%, up 0.3% from the previous period. The blast furnace capacity utilization rate was 91.34%, up 0.17% from the previous period. The average daily pig iron production of sample steel mills was 2.1833 million tons, up by 0.42 million tons.

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Source: Metals Market Index (MMi)