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MMi Daily Iron Ore Index Report December 21 2018

Iron ore stocks across 35 Chinese ports grew 160,000 mt on a weekly basis to 128.38 million mt as of December 21, SMM statistics showed. Average daily deliveries from these ports grew 67,000 mt from a week earlier to 2.51 million mt this week. Tangshan saw a rebound in deliveries from ports. Average daily deliveries from Jingtang port returned to 300,000 mt after some steel mills began to purchase from this port. Tougher controls over sinter production in Tangshan drove mills to purchase sinters from Qinhuangdao, and this also grew demand for imported ore in Jingtang port.

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Source: Metals Market Index (MMi)

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