MMi Daily Iron Ore Index Report April 22 2019

Physical iron ore port stock quotes rose today, following a resurgent DCE market higher. Mills were understandably wary today, keeping port buying low, hence the fewer concluded deals. However, with sintering capacity cut for only a shot period of time, mill demand for iron ore is maintaining its current high levels. With the May Holiday is approaching, some mills are looking to restock and it is likely that we will see stronger demand as the week progresses, helping to prop up the current high port stock prices.

Source: Metals Market Index (MMi)