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MMi Daily Iron Ore Index Report December 12 2018

Iron ore port stock quotes lifted higher with the iron ore DCE Futures market early this morning, as the transaction prices for low grade iron ore rose 2-5yuan/mt over yesterday, and that for medium-high grade products kept relatively stable. Some traders were more cautious and preferred to stand on the side-lines whilst others tried to ensure they reduced the inventory they were holding. Another round of production cuts in Tangshan will launched from Dec 13 to Dec 21, requiring sintering machines and shaft furnace which failed to pass the ultra-low emission tests to shut down.

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Source: Metals Market Index (MMi)

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