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MMi Daily Iron Ore Index Report January 02 2019

Sixty-nine vessels carrying 9.8 million mt of iron ore are expected to arrive at major Chinese ports in the week ended January 3, down 390,000 mt from the week ended December 27, SMM data showed. For the same week, iron ore shipments departing Australian ports are expected to decrease by 380,000 mt to 15.33 million mt, while those leaving Brazilian ports are likely to down by 170,000 mt to 7.9 million mt. Seaborne trade activity remains muted on the iron ore platforms as market participants are uncer-tain on near-term price direction, especially with current trade tensions.

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Source: Metals Market Index (MMi)

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