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MMi Daily Iron Ore Index Report December 24 2018

According to market players, the production cuts to the end of this December for sintering machines in Tangshang has been launched from last week, and concluded transactions are thus far low as mills take stock. With mill inventory remaining at relatively low levels, the majority of them are looking to build inventory levels before New Year’s Day and the forthcoming Spring Festival holiday, and thus iron ore prices are relatively well supported, though potentially under pressures from the flagging steel market.

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Source: Metals Market Index (MMi)

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