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MMi Daily Iron Ore Index Report December 05 2018

Physical iron ore port stock quotes rose today, inline with increased transaction activity. Seaborne Platforms were busy, with Jimblebar Fines trading at index –US$ 7.00/t on Corex and BRBF, PBF fines bid/offer activity. Mills continue to look for low grade material, and SSF inventories at port continue to fall. Current Jimblebar Fines inventories at major ports dropped 14.5% from early November. Iron ore prices in North China may face more pressure given recent increasing arrivals of iron ore and the production cuts in Tangshan.

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Source: Metals Market Index (MMi)

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