MMi Daily Iron Ore Index Report February 14 2019

The market came alive today as mills and traders dived in to pick up material. Traders who have little stock at hand say they are relatively bullish, so they see the falling prices as a buying opportunity. Some mills, are currently short of material and are being forced to buy in small amounts. SMM believes more mills will look for material next week, potentially supporting the current price levels.

Source: Metals Market Index (MMi)