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MMi Daily Iron Ore Index Report April 15 2019

Physical iron ore port stock prices saw Carajas Fines taking the lead in pricing the market with fair few trades today. The price spread between Carajas Fines and PB Fines rose to 114yuan/mt from last week’s 80yuan/ mt. According to SMM, iron ore shipments from Australia has gradually recovered since early April while those from Brazil declined. Mill demand for Carajas Fines picked up owing to its higher cost performance. Some predict that the price spread between Carajas Fines and PB Fines may expand further.

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Source: Metals Market Index (MMi)

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