MMi Daily Iron Ore Index Report April 19 2024

DCE iron ore futures tight, The main contract I2409 closed at 871.an decrease of 0.34% throughout the day; Traders ship according to market conditions; Some steel mills tended to be wait-and-see, and purchased on demand. The overall market trading atmosphere was quiet today. PBF at Shandong port dealt 880-885 yuan/mt; decreased 0-5 yuan/mt over yesterday. PBF at Tangshan port dealt 900-905 yuan/mt; decreased 0-5 yuan/mt over yesterday. As of April 19, the total inventory of 35 ports tracked by SMM reached 141.54 million tons, an increase of 0.86 million tons compared to the previous period, and an increase of 14.59 million tons compared to the same period last year.

Source: Metals Market Index (MMi)