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MMi Daily Iron Ore Index Report April 16 2019

Mills purchasing took pause today as fewer traders looked to sell in a falling market, so total concluded transactions were down on yesterday. According to SMM, as of yesterday, Linfen city announced production control measures for the non-heating season running from April 15 to September 30, 2019. Wu’an city successively published its production control implementation measures, running from April 6 to June 30, 2019. It is heard that the production of some blast furnace will be affected. However, benefitting from tight supplies, iron ore prices may hover around current levels in the short term.

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Source: Metals Market Index (MMi)

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