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MMi Daily Iron Ore Index Report April 25 2019

Mills were looking to buy today, with a large amount of purchasing activity occurring in the morning. According to SMM, concluded trades and prices in the Shandong market rose over those in Tangshan. Apart from the relatively tight mainstream iron ore brand inventory Shandong, production restrictions due to a heavy pollution warning in Tangshan and Handan impeded those mills’ purchasing programmes. The iron ore port stock market may remain tight in the run up to the May day holiday though some mills are still looking to boost their inventory levels.

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Source: Metals Market Index (MMi)

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