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MMi Daily Iron Ore Index Report December 27 2018

According to SMM’s research, the majority of mills who purchase from ports will be restocking, planning to increase their 10 day inventory to up to a months worth. As for mills who purchase forward, some of them have finished restocking, and hence arrivals will increase in January. Some Northern and East China mills say that they plan to build their inventory for the Spring Festival Holiday following the New Year Holiday.

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Source: Metals Market Index (MMi)

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