MMi Daily Iron Ore Index Report April 24 2019
China’s DCE iron ore futures market moved lower today, along with physical iron ore port stock quotes. The afternoon session saw some physical traders willing to lower their offers though mills were reluctant to buy.
Following last week’s heavy pollution warning in Tangshan and Handan, a further round of restrictions has been
announced in Shandong involving about 10 cities, taking effect from the 21st of April. It is unknown how long these
alert will last. It was heard that some sintering machines and blast furnaces have been put under restriction, which may put a halt on any large scale buying programmes for the moment.
Source: Metals Market Index (MMi)